Most of the largest cryptocurrencies were up during morning trading on Wednesday, with Cardano ADAUSD, +1.51% seeing the biggest move, rising 2.90% to 48 cents.
Six additional currencies posted rises Wednesday. Litecoin LTCUSD, +3.48% climbed 1.63% to $60.30, and Polkadot DOTUSD, +1.36% rose 1.39% to $7.26.
Dogecoin DOGEUSD, +1.07% climbed 0.90% to 6 cents, while Bitcoin BTCUSD, +2.41% climbed 0.19% to $20,291.89. Bitcoin Cash BCHUSD, +1.28% climbed 0.13% to $118.88.
Uniswap UNIUSD, +2.75%, which posted the smallest increase, rose 0.13% to $6.15.
On the other hand, two cryptos posted decreases, with Ethereum ETHUSD, +2.30% seeing the largest drop at 0.25% to $1,603.50. Ripple XRPUSD, -2.05% slipped 0.09% to 34 cents.
In crypto-related company news, shares of Coinbase Global Inc. COIN, +5.05% increased 1.70% to $76.53, while MicroStrategy Inc. MSTR, +3.17% fell 1.48% to $227.83. Riot Blockchain Inc. RIOT, +5.15% shares declined 2.42% to $7.45, and shares of Marathon Digital Holdings Inc. MARA, +7.35% shed 1.68% to $12.61.
Overstock.com Inc. OSTK, +1.06% inched down 0.66% to $28.76, while Block Inc. SQ, +0.43% declined 3.95% to $66.83 and Tesla Inc. TSLA, -0.01% climbed 2.21% to $298.60.
PayPal Holdings Inc. PYPL, +2.01% climbed 1.65% to $96.58, and Ebang International Holdings Inc. Cl A EBON, -2.36% shares rose 3.06% to 48 cents. NVIDIA Corp. NVDA, +3.16% sank 0.46% to $130.71, and Advanced Micro Devices Inc. AMD, +1.93% rose 1.65% to $77.04.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, +1.66% rose 0.10% to $20.75. The Bitwise Crypto Industry Innovators ETF BITQ, +2.24%, which is focused on pure-play crypto companies, slid 0.25% to $7.49. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, was flat at $12.65.
The bond king, Jeffrey Gundlach, is now very favorably disposed toward the asset class he knows best.
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