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Benzinga
Benzinga
Business
Adam Eckert

Why Bitcoin- And Ethereum-Related Stocks Are Trading Higher

Nasdaq Bitfarms Bitfarms Ltd Marathon Digital

Cryptocurrency-related stocks, including Marathon Digital Holdings Inc (NASDAQ:MARA) Riot Blockchain Inc (NASDAQ:RIOT) and Bitfarms Ltd (NASDAQ:BITF), are trading higher Tuesday amid a rise in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

The move higher in the two largest cryptocurrencies by market cap seems to be the result of a technical breakout after the pair settled into bull flag patterns on Monday. 

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