Litecoin leads way as largest cryptocurrencies post gain
All of the largest cryptocurrencies were up during morning trading on Thursday, with Litecoin LTCUSD seeing the biggest move, climbing 8.09% to $227.84.
In crypto-related company news, shares of Coinbase Global Inc. COIN declined 1.52% to $312.38, while MicroStrategy Inc. MSTR climbed 0.59% to $700.90. Riot Blockchain Inc. RIOT shares climbed 2.41% to $37.00, and shares of Marathon Digital Holdings Inc. MARA climbed 0.52% to $52.39.
PayPal Holdings Inc. PYPL rose 0.35% to $188.71, and Ebang International Holdings Inc. Cl A EBON shares increased 4.35% to $1.68. NVIDIA Corp. NVDA increased 2.92% to $326.74, and Advanced Micro Devices Inc. AMD climbed 0.35% to $157.80.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK climbed 0.55% to $56.95. The Bitwise Crypto Industry Innovators ETF BITQ, which is focused on pure-play crypto companies, rose 0.43% to $30.02. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, inched down 0.98% to $46.42.