Why Bitcoin and Ethereum Stocks Are Falling – Organics Converted (COIN)
Shares of crypto-related stocks, including Marathon Digital Holdings Inc. (NASDAQ: MARA), Blockchain Riot Inc (NASDAQ: RIOT) and Coinbase Global, Inc. (NASDAQ:COIN) are trading lower on Friday afternoon amid falling price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin is trading down 2% Friday afternoon at around $40,600.
Ethereum is trading down 2% Friday afternoon at around $2,670.
Marathon Digital focuses on mining digital assets. It has 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 down 6.3% to $23.10 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 down 5.7% at $15.06 per share.
Coinbase Global provides financial infrastructure and technology for the cryptoeconomy.
Coinbase is trading down 6.4% at $166.63 per share.
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