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Benzinga

Business

Randy Elias

Why Bitcoin- And Ethereum-Related Stocks Are Falling Today

COIN Nasdaq MARA Coinbase Coinbase Global Inc Marathon Digital

Shares of several cryptocurrency-related companies, including Coinbase Global Inc (NASDAQ:COIN), Marathon Digital Holdings Inc (NASDAQ:MARA) and Riot Blockchain Inc (NASDAQ:RIOT), are trading lower in sympathy with the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

The rise in US Treasury yields has also pressured growth sectors. The 10-year US Treasury yield reached a high of 1.84% on Tuesday at the time of publication.

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