Why Bitcoin-Related and Ethereum-Related Stocks Are Trading Higher Today

Shares of various cryptocurrency-related stocks, including: Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ:COIN) Traded Higher on Wednesday in Sympathy for the Price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:ETH).

Bitcoin May Trade Higher Today After Positive Regulatory Comments From SEC Chief Gary Gensler. Ethereum may be trading higher as investors anticipate the upgrade to the Ethereum network called Ethereum Improvement Protocol 1559 or EIP-1559.

Marathon Digital is focused on mining digital assets. It owns cryptocurrency mining machines and a data center to mine the digital assets.

Riot Blockchain is focused on building, supporting and operating blockchain technologies.

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

Price promotion: Bitcoin is up 35.42% year-to-date, while Ethereum is up 260.41% year-to-date.

At last check Wednesday, Marathon Digital was up 7.63% to $29.20, Riot Blockchain was up 6.04% to $33.38 and Coinbase was up 2.55% to $236.04.

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