Why Cryptocurrency-Related Stocks Are Moving Lower Today

Shares of several cryptocurrency-related stocks, including Marathon Digital Holdings, Inc. MARA, Riot Blockchain, Inc. RIOT and Coinbase Global, Inc. COIN, are all trading lower in sympathy with the price of Bitcoin BTC/USD.

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 shares are trading lower by 4.5% at $26.44.

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

Riot Blockchain shares are trading lower by 4.3% at $31.43.

Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy.

Coinbase shares are trading lower by 1.9% at $249.10.