Why Bitcoin- And Ethereum-Related Stocks Are Rising Today

Shares of crypto-related stocks, including Marathon Digital Holdings, Inc. MARA, Riot Blockchain, Inc. RIOT and Coinbase Global, Inc. COIN are trading higher amid an increase in the price of Bitcoin BTC/USD and Ethereum ETH/USD.

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.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain was trading higher by 7% at around $15.74 per share.

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy.

Coinbase was trading higher by about 7.6% at around $190.99 per share.