Cryptocurrency-related stocks, including Coinbase Global Inc (NASDAQ:COIN), Marathon Digital Holdings Inc (NASDAQ:MARA) and Riot Blockchain Inc (NASDAQ:RIOT), are trading higher Friday amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
The surge in Bitcoin and Ether, the native token of the Ethereum blockchain, seems to be the result of a technical breakout.
See Also: Jack Dorsey Explains Why He Prefers Bitcoin Over Ethereum
Coinbase is the leading cryptocurrency exchange platform in the United States. The stock was up 3.14% at $186.67 at time of publication.
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 up 7.4% at $22.77 at publication time.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. At publication time, the stock was up 8.05% at $15.98.
BTC, ETH Price Action: At the time of writing, Bitcoin was up 7.37% at $39,623 over a 24-hour period and Ethereum was up 9.07% at $2,883.03 over the same period of time.
Photo: satheeshsankaran from Pixabay.
