Benzinga | Aug 23, 2021 06:29AM EDT

Why Bitcoin-Related And Ethereum-Related Stocks Are Moving Today

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ:MARA), Riot Blockchain Inc (NASDAQ:RIOT) and Coinbase Global Inc (NASDAQ:COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading higher by 1.6% at around $50,227 Monday morning.

Ethereum is trading higher by 2.1% at around $3,333 Monday morning.

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 is trading higher by 5.5% at $37.20.

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

Riot Blockchain is trading higher by 5.6% at $36.25.

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

Coinbase is trading higher by 4% at $267.72.