Why Bitcoin and Ethereum related stocks are trading higher today

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Crypto-related stocks including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Bit Digital, Inc. (NASDAQ: BTBT) are trading higher amid rising price Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 2% higher at around $ 46,791.80 on Thursday.

Ethereum is trading up 3.6% to around $ 3,509 on Thursday.

Shares of Marathon Digital are also trading higher after the company announced that DMG Blockchain will join Marathon’s mining pool, MaraPool.

Marathon Digital focuses on the extraction of 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 up 6.8% to $ 39.82 per share.

Riot Blockchain focuses on the creation, support and exploitation of blockchain technologies. The company’s portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading up 4.2% to $ 31.65 per share.

Bit Digital, Inc. embarks on bitcoin mining. The company was previously known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020.

Bit Digital is trading up 2.7% to $ 11.38 per share.

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