All large cryptocurrencies experienced gains during morning trading on Tuesday, demonstrating the ongoing bullish sentiment in the market. Here is a breakdown of the notable price changes:
Bitcoin (BTCUSD)
Bitcoin, the leading cryptocurrency, saw the biggest change, rising 9.21% to $34,426.50.
Cardano (ADAUSD)
Cardano increased by a remarkable 7.84% to 29 cents, showcasing strong performance.
Ripple (XRPUSD)
Ripple climbed 7.77% to 58 cents, indicating a positive market trend.
Ethereum (ETHUSD) and Polygon (MATICUSD)
Ethereum and Polygon also witnessed notable increases, rising by 7.06% to $1,829.42 and 6.91% to 65 cents, respectively.
Solana (SOLUSD)
Solana showed a steady climb of 5.46%, reaching $31.67.
Dogecoin (DOGEUSD)
Dogecoin, the popular meme-based cryptocurrency, rose by 5.46% to 7 cents.
Polkadot (DOTUSD) and Uniswap (UNIUSD)
Polkadot and Uniswap rounded out the increases for Tuesday, with gains of 3.03% to $4.31 and 2.35% to $4.36, respectively.
Crypto-Related Company News
In crypto-related company news, several notable companies exhibited positive performance:
- Coinbase Global Inc. saw a surge of 15.22%, reaching $88.96.
- MicroStrategy Inc. experienced a jump of 13.00% to $426.55.
- Riot Platforms Inc. witnessed a significant increase of 15.51%, reaching $11.17.
- Marathon Digital Holdings Inc. surged by 18.29% to $10.35.
Other companies, including Overstock.com Inc., Block Inc., Tesla Inc., PayPal Holdings Inc., Ebang International Holdings Inc., NVIDIA Corp., and Advanced Micro Devices Inc. also recorded gains ranging between 0.32% and 4.62%.
Crypto-Focused Funds
In the fund space, several cryptocurrency-focused exchange-traded funds (ETFs) displayed positive performance:
- Bitwise Crypto Industry Innovators ETF, which focuses on pure-play crypto companies, rose by 9.46% to $7.29.
- Amplify Transformational Data Sharing ETF, with a focus on blockchain technology, climbed by 6.44% to $21.32.
- Grayscale Bitcoin Trust, a trust that tracks the Bitcoin market price, increased by 9.17% to $26.97.