Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ:MARA) Riot Blockchain Inc and Coinbase Global, Inc. (NASDAQ:COIN) are trading lower amid a decrease in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin and other cryptocurrencies are trading lower Friday morning after China’s Central Bank banned all crypto transactions and vowed to stop illegal crypto mining.
Bitcoin is trading 5.7% lower at around $41,138 Friday morning.
Ethereum is trading 8.9% lower at around $2,790 Friday morning.
Dogecoin is trading 7.7% lower at around $0.20 Friday 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 lower by 7.4% at $34.90 per share.
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 lower by 7.7% at $27.12 per share.
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy.
Coinbase is trading lower by 3.75% at $228.53 per share.