Bitcoin's Rise Puts Marathon Digital, Riot Blockchain, Coinbase, And MicroStrategy On Investor's Radars — Here's Why They Are Trending

U.S. stocks showcased a mixed performance as trading neared its end, with the Nasdaq Composite marking a notable gain of over 30 points on Monday to 13,018.33.

The Dow, however, dipped by 0.58% to 32,936.41. The S&P 500 experienced a fall and dipped by 0.17% to 4,217.04.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Marathon Digital Holdings Inc MARA
The stock closed with a 12.76% increase at $8.75, reaching an intraday high of $9.02 and a low of $7.74. Its 52-week range is between $19.88 and $3.11. Marathon Digital is known for mining digital assets, primarily focusing on the Bitcoin BTC/USD ecosystem. The upward trajectory of Bitcoin, which saw a rise of over 10.88% in the last 24 hours, influenced the stock’s performance. At the time of publishing, Bitcoin was seen trading at $33,627.31.

Riot Blockchain Inc RIOT
Riot’s stock surged by 9.02%, closing at $9.67. It touched an intraday peak of $10.04 and a trough of $8.98. Over the past year, its price fluctuated between $20.65 and $3.25. Riot Blockchain aims to be a leading Bitcoin-driven infrastructure platform, and its stock movement was influenced by the positive momentum in Bitcoin.

MicroStrategy Incorporated MSTR
MicroStrategy’s stock rose by 8.46%, closing at $377.49. The stock hit an intraday high of $383.9 and a low of $346.09, with its 52-week range being $475.09 to $132.56. MicroStrategy, like the aforementioned companies, benefited from the positive sentiment surrounding Bitcoin.

Coinbase Global Inc COIN
Coinbase’s stock increased by 3.42%, closing at $77.21. It reached an intraday high of $80.73 and a low of $72.42. Its 52-week range is between $114.43 and $31.55. Coinbase, a leading cryptocurrency exchange platform in the U.S., saw its stock rise amid the strength in Bitcoin. The company is set to release its Q3 financial results soon, with expectations of a loss of 53 cents per share and revenue of $654.076 million.

Tesla, Inc. TSLA
Tesla’s stock experienced a slight change, increasing by 0.04% to close at $212.08. The stock’s intraday high was $216.98, and its low was $202.51. Over the past year, its price ranged between $299.29 and $101.81. Elon Musk, Tesla’s CEO, recently acknowledged the need for advertising to boost the brand’s awareness. This comes after concerns were raised about Tesla’s fundamental challenges and the need to emphasize the importance of transitioning to electric vehicles.

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