Cryptocurrency Market Update

Dogecoin (DOGE) Leads the Way with 8.34% Increase

Most large cryptocurrencies experienced gains during morning trading on Wednesday. The biggest mover was Dogecoin (DOGE), which climbed 8.34% to reach 10 cents.

Other Crypto Rises

In addition to Dogecoin, several other cryptocurrencies saw increases on Wednesday. Polkadot (DOT) rose 6.02% to $6.15, while Cardano (ADA) increased by 4.54% to 44 cents.

Solana (SOL) also saw a positive move of 3.17% to $62.83, and Polygon (MATIC) rose 3.06% to 83 cents. Bitcoin (BTC) experienced a modest increase of 0.09% to $44,039.40.

The smallest increase was seen in Ripple (XRP), which climbed 0.09% to reach 62 cents.

Decreases in Two Cryptos

Two cryptocurrencies posted decreases during this period. Uniswap (UNI) saw the largest drop at 3.59% to $5.99, while Ethereum (ETH) sank 0.91% to $2,254.12.

Company News

In terms of crypto-related company news, shares of Coinbase Global Inc. dropped 1.48% to $138.12, while MicroStrategy Inc. inched down 0.12% to $576.80.

Riot Platforms Inc. slipped 0.83% to $15.02, and Marathon Digital Holdings Inc. climbed 2.23% to $15.62.

Block Inc. increased 4.65% to $67.91, and Tesla Inc. climbed 2.16% to $243.88.

PayPal Holdings Inc. rose 1.42% to $58.75, while Ebang International Holdings Inc. shares fell 4.73% to $7.85. NVIDIA Corp. climbed 0.09% to $466.07, and Advanced Micro Devices Inc. climbed 1.33% to $119.96.

Fund Space Updates

In the fund space, the Bitwise Crypto Industry Innovators ETF, which focuses on pure-play crypto companies, rose 0.61% to $9.67. The Blockchain-focused Amplify Transformational Data Sharing ETF climbed 0.39% to $26.86. The Grayscale Bitcoin Trust, which tracks the Bitcoin market price, increased 2.34% to $35.92.