Shares of several cryptocurrency-related companies, including Coinbase Global, Inc. COIN, Marathon Digital Holdings, Inc. MARA and Riot Blockchain, Inc. RIOT, are trading higher in sympathy with the price of Bitcoin BTC/USD and Ethereum ETH/USD.
Daiwa Capital also upgraded Coinbase from an Outperform rating to a Buy rating and maintained a $100 price target.
Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy. The stock was up 5.7% at about $77.26 at publication time.
Marathon Digital is focused on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. Shares were up 6.8% at about $14.20 at publication time.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The stock was up 8.6% at about $8.10 at publication time.
BTC, ETH Price Action: At publication time, Bitcoin was up 9.8% at about $21,210 and Ethereum was up 5.4% at about $1,730.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
