Why Bitcoin-Related and Ethereum-Related Stocks Are Rising

Shares of crypto-related stocks including: Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ:COIN) Trading Higher Amid Rise in Price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:ETH).

Bitcoin is trading higher by 3.7% at $48,800.

Ethereum is trading 7.5% higher at $3,700.

Marathon Digital focuses on mining digital assets. It owns cryptocurrency 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 5.1% higher at $42.65.

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 at 2.2% at $38.13.

Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto economy.

Coinbase is trading higher at 4.3% at $270.20.

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