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Uniswap leads way as most big cryptocurrencies post gains

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Most of the largest cryptocurrencies were up during morning trading on Wednesday, with Uniswap UNIUSD, +0.19% seeing the biggest move, climbing 8.01% to $9.08.

Seven additional currencies posted gains Wednesday. Polkadot DOTUSD, +1.72% rose 3.17% to $8.23, and Bitcoin Cash BCHUSD, +2.53% rose 2.24% to $138.32.

Cardano ADAUSD, +1.14% rallied 2.01% to 51 cents, while Bitcoin BTCUSD, +0.91% increased 1.52% to $23,364.11. Dogecoin DOGEUSD, +0.40% rose 0.89% to 7 cents.

Litecoin LTCUSD, +0.55% and Ethereum ETHUSD, +2.54% rounded out the increases for Wednesday, with gains of 0.89% to $59.20 and 0.85% to $1,664.28, respectively.

On the other hand, Ripple XRPUSD, +0.95% posted the only drop, falling 0.51% to 37 cents.

In crypto-related company news, shares of Coinbase Global Inc. COIN, +4.67% surged 10.54% to $74.32, while MicroStrategy Inc. MSTR, +3.18% climbed 9.61% to $305.00. Riot Blockchain Inc. RIOT, +1.10% shares rallied 5.35% to $8.17, and shares of Marathon Digital Holdings Inc. MARA, +5.59% rallied 3.94% to $13.47.

Overstock.com Inc. OSTK, +1.94% rallied 1.28% to $29.33, while Block Inc. SQ, -2.20% rose 5.18% to $83.19 and Tesla Inc. TSLA, -6.63% rallied 1.23% to $912.85.

PayPal Holdings Inc. PYPL, -1.71% surged 12.61% to $100.94, and Ebang International Holdings Inc. Cl A EBON, +16.51% shares climbed 2.25% to 48 cents. NVIDIA Corp. NVDA, -1.18% slipped 0.25% to $184.80, and Advanced Micro Devices Inc. AMD, -1.54% declined 12.61% to $97.93.

In the fund space, the Bitwise Crypto Industry Innovators ETF BITQ, +1.60%, which is focused on pure-play crypto companies, climbed 4.99% to $8.52. Blockchain-focused Amplify Transformational Data Sharing ETF BLOK, +0.78% increased 2.43% to $22.73. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, increased 2.47% to $14.53.

Editor's Note: This story, which tracks nine of the top cryptocurrencies and excludes stable coins, was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones, FactSet and Kraken. See our market data terms of use.

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