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Why Bitcoin- And Ethereum-Related Stocks Are Rising Today

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 was trading about 1% higher at around $38,433.79 on Monday.

Ethereum was trading about 2.4% higher at around $2,682 on Monday.

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 was trading higher by 5.3% at around $23.14 per share at the time of publication.
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