Why Are Bitcoin-Related Stocks Trading Lower Today?

Shares of several bitcoin-related stocks such as Marathon Digital Holdings, Inc. MARA, Riot Blockchain, Inc. RIOT and Canaan Inc. CAN are trading lower amid a decrease in the price of Bitcoin.

Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines.

The stock was trading approximately 9.5% lower at $32.82. The stock has a 52-week high of $57.75 and a 52-week low of $0.41.

Riot Blockchain operates in a single segment of cryptocurrency mining.

The stock was trading 10% lower at $36.06 per share. The stock has a 52-week high of $79.50 and a 52-week low of $1.03.

Canaan engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining.

The stock was trading 8% lower at $12.15 per share. The stock has a 52-week high of $39.10 and a 52-week low of $1.76.

See also: Is Bitcoin a Good Investment?