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Benzinga

Business

Adam Eckert

Why Bitcoin- And Ethereum-Related Stocks Are Falling Today

Nasdaq MARA Coinbase Coinbase Global Inc Marathon Digital

Cryptocurrency-related stocks including Coinbase Global Inc (NASDAQ:COIN), Marathon Digital Holdings Inc (NASDAQ:MARA) and Riot Blockchain Inc (NASDAQ:RIOT) are trading lower Monday morning amid a weekend decline in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

The cryptocurrency market has lost about $130 billion in value over a 24-hour period as the top cryptocurrencies have continued to trend lower. Bitcoin and Ethereum are now about 50% below their all-time highs.

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