Why Bitcoin-Related Stocks Are Trading Higher Again Today
Shares of several stocks with cryptocurrency exposure such as Marathon Digital Holdings, Inc. (NASDAQ:MARA), Riot Blockchain, Inc. (NASDAQ:RIOT) and Canaan Inc. (NASDAQ:CAN) are trading higher amid an increase in the price of Bitcoin.
Bitcoin-related stocks have been extremely volatile recently as the stocks continue to move in sympathy with bitcoin.
Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines. The stock is trading approximately 8.5% higher at $31.19 at the time of publication. 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 is trading approximately 4% higher at $41.98. The stock has a 52-week high of $79.50 and a 52-week low of $1.03.
Canaan is the manufacturer of digital blockchain computing equipment. The stock is trading approximately 0.6% higher at $13.09. The stock has a 52-week high of $39.10 and a 52-week low of $1.76.
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