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Sunday, November 27, 2022

Why Bitcoin- And Ethereum-Related Stocks Are Rising Today

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

Bitcoin is trading about 4.4% higher at around $37,968.34 Wednesday morning.

Ethereum is trading about 7% higher at around $2,584 Wednesday 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 higher by 6.6% at around $23.64 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 6.2% at around $15.55 per share.

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy.

Coinbase is trading higher by about 3.7% at around $192.50 per share.

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