Cryptocurrency-related stocks, including Marathon Digital Holdings Inc (NASDAQ:MARA), Riot Blockchain Inc (NASDAQ:RIOT) and Coinbase Global Inc (NASDAQ:COIN), are trading lower amid a decrease in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Marathon Digital is focused on mining digital assets. It owns cryptocurrency mining machines and a data center to mine the digital assets. The stock was down 10.60% at $43.89 at publication time.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The stock was down 9.49% at $29.83 at publication time.
Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy. The stock was down 7.36% at $263.76 at publication time.
Shares of several companies in the broader technology sector are also trading lower on continued volatility amid increasing omicron variant concerns.
BTC, ETH Price Action: At publication time, Bitcoin was down 3.14% at $54,969 over a 24-hour period and Ethereum was down 3.51% at $4,343.96 over a 24-hour period.
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