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Market Overview

Why Bitcoin-Related Stocks Are Trading Lower Today

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Shares of several bitcoin-related stocks such as Marathon Digital Holdings, Inc. (NASDAQ: MARA), Riot Blockchain, Inc. (NASDAQ: RIOT) and Canaan Inc. (NASDAQ: CAN) are trading lower after Tesla Inc. (NASDAQ: TSLA) announced it will suspend accepting bitcoin as payment.

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

The stock was trading approximately 11% lower at $20.39. 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 approximately 13% lower at $23 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 final system products by integrating IC products for bitcoin mining.

The stock was trading approximately 9% lower at $8.98 per share. The stock has a 52-week high of $39.10 and a 52-week low of $1.76.

 

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