Why Bitcoin- And Ethereum-Related Stocks Are Falling


    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 lower Tuesday morning amid a weekly decrease in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

    Bitcoin is trading 14.8% lower over the past week at around $37,600 Tuesday morning.

    Ethereum is trading 16.6% lower over the past week at around $2,600 Tuesday morning.

    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 lower by 4.8% at $22.74 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 lower by 5.3% at $16.07 per share.

    Coinbase Global provides financial infrastructure and technology for the cryptoeconomy.

    Coinbase is trading lower by 6.6% at $176.56 per share.



    Source link

    Previous articleLooking for the Next Bitcoin? 3 Cryptocurrencies to Buy Now
    Next articleSwitzerland’s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency – Markets and Prices Bitcoin News