Cryptocurrency-related actions, including Marathon Digital Holdings Inc (NASDAQ: MARA), Blockchain Riot Inc (NASDAQ: RIOT) and Global Coinbase Inc (NASDAQ: COIN), are trading lower amid falling price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Marathon Digital focuses on the extraction of digital assets. It has cryptocurrency mining machines and a data center to mine digital assets. The stock was down 10.60% to $ 43.89 at the time of publication.
Riot Blockchain focuses on the creation, support and exploitation of blockchain technologies. The stock was down 9.49% to $ 29.83 at the time of publication.
Coinbase is an end-to-end financial infrastructure and technology provider for the crypto-economy. The stock was down 7.36% to $ 263.76 at the time of publication.
Related Link: Cathie Wood Withdraws Another $ 49.4 Million From Coinbase Stake, Buy More Square Shares Amid Crypto Enthusiasm
Shares of several broad tech companies are also trading lower due to continued volatility amid growing concerns about omicron variants.
BTC, ETH price action: At the time of publication, Bitcoin was down 3.14% to $ 54,969 in a 24-hour period and Ethereum was down 3.51% to $ 4,343.96 in a 24-hour period.
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