Why Bitcoin-Related And Ethereum-Related Stocks Are Rising Today
Cryptocurrency-related stocks, including Coinbase Global Inc (NASDAQ: COIN), Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
The cryptocurrency markets are rallying ahead of the first Bitcoin futures ETF, which is set to begin trading on Tuesday.
Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy. The stock was up 3.56% at $290.61 at publication time.
Marathon Digital is focused on mining digital assets. It owns cryptocurrency mining machines and a data center to mine the digital assets. The stock was up 4.05% at $50.87 at publication time.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The stock was up 5.17% at $29.28 at publication time.
BTC, ETH Price Action: At time of publication, Bitcoin was up 1.81% at $61,916 and Ethereum was up 0.41% at $3,799.36 over a 24-hour period.
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