Shares of Bitcoin-related stocks including Coinbase Global, Inc. COIN and Riot Blockchain, Inc. RIOT are trading higher amid an increase in the price of bitcoin.
Oppenheimer analyst Owen Lau also maintained an Outperform rating on Coinbase Global and raised the price target from $434 to $444.
Coinbase Global is a provider of end-to-end financial infrastructure and technology for the crypto-economy.
Coinbase shares were trading about 4% higher at $244.74 on Wednesday at the time of publication. The stock set a new 52-week high of $429.54 and has a 52-week low of $208.
Riot Blockchain, together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining.
Riot Blockchain's shares were trading about 0.7% higher at $35.68. The stock set a new 52-week high of $79.50 and has a 52-week low of $2.06.
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