Why Bitcoin-Related And Ethereum-Related Stocks Are Rising Today

Cryptocurrency-related stocks, including Marathon Digital Holdings Inc MARA, Riot Blockchain Inc RIOT and Coinbase Global Inc COIN are trading higher amid a sharp increase in the price of Bitcoin BTC/USD and Ethereum ETH/USD. Bitcoin climbed above $65,000 to new all-time highs on Wednesday. 

The cryptocurrency markets are rallying following the listing of the first Bitcoin futures ETF, ProShares Bitcoin Strategy ETF BITO, on Tuesday.

Marathon Digital is focused on mining digital assets. It owns cryptocurrency mining machines and a data center to mine the digital assets. The stock was up 3.95% at $56.04 at publication time.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The stock was up 4.17% at $32.12 at publication time.

Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy. The stock was up 2.22% at $312.43 at publication time.

BTC, ETH Price Action: Bitcoin surged to new all-time highs on Wednesday morning. It was up 4.65% at $65,828 over a 24-hour period at time of publication.

Ethereum was up 5.06% at $3,998.28 over a 24-hour period at time of publication.

Photo: PIRO4D from Pixabay.