Why Bitcoin- And Ethereum-Related Stocks Are Rising – Benzinga

Why Bitcoin- And Ethereum-Related Stocks Are Rising – Benzinga

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Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ:MARA), Riot Blockchain Inc (NASDAQ:RIOT) and Coinbase Global, Inc. (NASDAQ:COIN) are all trading higher Monday afternoon amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 8.4% higher Monday afternoon at around $40,900.

Ethereum is trading 7.1% higher Monday afternoon at around $2,800.

Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.

Marathon Digital is trading higher by 8.5% at $25.04 per share.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company’s portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading higher by 5.6% at $17.12 per share.

Coinbase Global provides financial infrastructure and technology for the cryptoeconomy.

Coinbase is trading higher by 5% at $185.65 per share.

See Also: Why Teladoc Shares Are Trading Higher Today

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