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Benzinga
Benzinga
Business
Henry Khederian

Why Bitcoin- And Ethereum-Related Stocks Are Diving Today

COIN Coinbase Bitcoin Nasdaq MARA Ethereum Marathon Digital Coinbase Global Inc Marathon Digital Holdings, Inc Gemini

Shares of crypto-related stocks, including Coinbase Global Inc (NASDAQ: COIN) and Marathon Digital Holdings Inc (NASDAQ: MARA), are trading lower after Coinbase announced a hiring freeze and Gemini announced layoffs amid crypto market conditions. A New York bill on Bitcoin mining has also pressured the space.

In a blog published on Thursday, Coinbase said that it has become evident it needs to “take more stringent measures” to slow its headcount growth.

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