© Reuters. Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Exploding Higher
Shares of several cryptocurrency-related companies, including Coinbase (NASDAQ:) Global, Inc. (NASDAQ: COIN), Marathon Digital Holdings, Inc. (NASDAQ: MARA) and Riot Blockchain, Inc. (NASDAQ: RIOT), are trading higher in sympathy with the price of (CRYPTO: BTC) and (CRYPTO: ETH).
Compass Point analyst Chase White also maintained Riot Blockchain with a Buy and lowered the price target from $14 to $11.
White also maintained Marathon Digital with a Buy and lowered the price target from $30 to $21.
Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy. The stock was up 8.86% at about $72.27 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 11.24% at about $14.35 at publication time.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The stock was up 12.98% at about $6.84 at publication time.
BTC, ETH Price Action: At publication time, Bitcoin was up 3.48% at about $20,012 and Ethereum was up 8.63% at about $1,464.
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