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Benzinga
Benzinga
Business
Melanie Schaffer

A Look At Coinbase, Riot Stocks As Bitcoin And Ethereum Signal Indecision

Coinbase Riot Bitcoin Nasdaq Ethereum Crypto

Coinbase Global, Inc (NASDAQ:COIN) and Riot Blockchain, Inc (NASDAQ:RIOT) were trading down over 2% and 3%, respectively, on Monday in sympathy with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were falling over 2% and 4%, respectively.

The apex cryptos, when their charts are compared to each other, are showing indecision on larger time frames. On the weekly chart, Bitcoin has rejected the 200-day simple moving average (SMA) over the course of the last six weeks. Ethereum, however, shot up above the 200-day SMA the week beginning July 11 and has remained trading above the level.

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