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Benzinga

Business

Henry Khederian

Why Bitcoin- And Ethereum-Related Stocks MicroStrategy And Riot Blockchain Fell Today

MicroStrategy Riot Blockchain Nasdaq Coinbase Global Coinbase Global Inc MicroStrategy Incorporated Riot Blockchain Inc

Shares of crypto-related stocks, including MicroStrategy Incorporated (NASDAQ:MSTR), Coinbase Global Inc (NASDAQ:COIN) and Riot Blockchain Inc (NASDAQ:RIOT), fell Monday amid a sharp daily and weekly decrease in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 13.8% lower over the past week at around $39,900 in Monday's after-hours session.

Ethereum is trading 14.5% lower over the past week at around $3,000 in Monday's after-hours session.

See Also: If You Invested $1,000 In Microsoft Stock At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

MicroStrategy is a provider of enterprise analytics and mobility software.

MicroStrategy fell by 3.72% to $436.39 Monday.

Riot Blockchain is focused on building, supporting and operating blockchain technologies.

Riot Blockchain fell by 4.62% at $15.91 Monday.

Coinbase Global fell 4.39% to $153.87.

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