Solana (SOL) Leads Morning Gains
Most large cryptocurrencies experienced gains during morning trading on Wednesday, with Solana (SOL) making the biggest move, rising 2.00% to $22.43.
Other Rising Currencies
Seven additional currencies also posted increases on Wednesday. Uniswap (UNI) increased 1.71% to $5.30, and Polkadot (DOT) increased 1.08% to $5.23.
Ethereum and Cardano Maintain Upward Momentum
Ethereum (ETH) rose 0.66% to $1,887.19, while Cardano (ADA) rose 0.52% to 29 cents.
Bitcoin and Polygon Continue to Rise
Bitcoin (BTC) and Polygon (MATIC) rounded out the upward trend for Wednesday, with gains of 0.28% to $30,669.30 and 0.19% to 74 cents, respectively.
Ripple Faces a Minor Decline
On the other hand, Ripple (XRP) posted the only drop, falling 0.43% to 47 cents.
Crypto-Related Company News
In crypto-related company news, shares of Coinbase Global Inc. (COIN) fell 1.84% to $87.51, while MicroStrategy Inc. (MSTR) rose 1.59% to $418.87. Riot Platforms Inc. (RIOT) shares increased 3.32% to $18.09, and shares of Marathon Digital Holdings Inc. (MARA) rallied 2.62% to $17.85.
Overstock.com Inc. (OSTK) climbed 0.13% to $30.76, while Block Inc. (SQ) rose 0.58% to $71.52 and Tesla Inc. (TSLA) rose 1.56% to $274.01.
PayPal Holdings Inc. (PYPL) climbed 0.14% to $70.72, and Ebang International Holdings Inc. (EBON) shares climbed 2.07% to $9.37. NVIDIA Corp. (NVDA) rose 2.94% to $436.52, and Advanced Micro Devices Inc. (AMD) climbed 3.18% to $114.86.
Blockchain-Focused ETFs in the Green
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) rallied 1.59% to $25.61. The Bitwise Crypto Industry Innovators ETF (BITQ), which is focused on pure-play crypto companies, rose 0.88% to $10.05. Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, climbed 1.00% to $20.13.