During morning trading on Tuesday, the majority of large cryptocurrencies experienced positive gains. Notably, Polygon (MATICUSD) saw the biggest change, rising 1.92% to reach 67 cents. Other cryptocurrencies also showed increases, including Cardano (ADAUSD) rising 1.41% to 29 cents, Polkadot (DOTUSD) increasing 1.13% to $5.00, Solana (SOLUSD) climbing 1.04% to $23.21, Ripple (XRPUSD) rising 0.94% to 62 cents, and Dogecoin (DOGEUSD) increasing by 0.61% to 7 cents. Bitcoin (BTCUSD) also rose by 0.61% to $29,337.00, while Uniswap (UNIUSD) and Ethereum (ETHUSD) saw more modest gains, climbing 0.57% to $5.87 and 0.51% to $1,834.49, respectively.
In terms of crypto-related company news, several stocks experienced notable changes. Coinbase Global Inc. (COIN) saw a modest increase of 0.84% to reach $86.68, while MicroStrategy Inc. (MSTR) increased by 2.88% to $381.50. Riot Platforms Inc. (RIOT) also saw a positive change, climbing 1.59% to $16.58, and Marathon Digital Holdings Inc. (MARA) rose by 1.73% to $15.33.
However, Overstock.com Inc. (OSTK) declined by 2.01% to $32.11, Block Inc. (SQ) declined by 1.41% to $63.11, and Tesla Inc. (TSLA) shed 1.91% to $246.65. PayPal Holdings Inc. (PYPL) also experienced a decrease of 1.26% to $63.61. On the other hand, Ebang International Holdings Inc. (EBON) saw an increase of 3.31% to $8.28. NVIDIA Corp. (NVDA) shed 1.59% to $446.95, while Advanced Micro Devices Inc. (AMD) fell by 2.83% to $113.50.
In the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, showed a slight increase of 0.57% to reach $8.79. However, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) dropped by 1.41% to $23.81. Meanwhile, the Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, rose 0.63% to $19.28.