Why Bitcoin and Ethereum related stocks are trading higher today

[ad_1]

Shares of several cryptocurrency-related stocks including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ: COIN) are trading higher on Wednesday in sympathy with the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin could trade higher today following positive regulatory comments from SEC chief Gary Gensler. Ethereum could trade higher as investors anticipate the upgrade of the Ethereum network called Ethereum Improvement Protocol 1559 or EIP-1559.

Marathon Digital focuses on the exploitation of digital assets. It has cryptocurrency mining machines and a data center to mine digital assets.

Riot Blockchain focuses on the creation, support and exploitation of blockchain technologies.

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

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

In the last check on 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.

See more Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[ad_2]