{"id":1029700,"date":"2021-09-16T06:47:58","date_gmt":"2021-09-16T10:47:58","guid":{"rendered":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/uncategorized\/why-bitcoin-related-and-ethereum-related-stocks-are-on-the-move-today-yahoo-finance\/"},"modified":"2021-09-16T06:47:58","modified_gmt":"2021-09-16T10:47:58","slug":"why-bitcoin-related-and-ethereum-related-stocks-are-on-the-move-today-yahoo-finance","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/bitcoin-2\/why-bitcoin-related-and-ethereum-related-stocks-are-on-the-move-today-yahoo-finance\/","title":{"rendered":"Why Bitcoin-Related And Ethereum-Related Stocks Are On The Move Today – Yahoo Finance"},"content":{"rendered":"

Cryptocurrency-related stocks including Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) are trading higher Wednesday amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) and positive analyst coverage from B. Riley Securities.<\/p>\n

B. Riley Securities analyst Lucas Pipes maintained Marathon Digital with a Buy rating and raised the price target from $54 to $87. Pipes maintained Riot Blockchain with a Buy rating and raised the price target from $51 to $82.<\/p>\n

The analyst's model now assumes a $45,000 Bitcoin price versus the prior assumption of a $35,000 Bitcoin price. The model was also adjusted to reflect higher miner costs. Despite higher costs, unit economics for digital mining remains \"highly attractive,\" according to the analyst.<\/p>\n

While these adjustments represent a large increase from our prior estimates, we believe our model is still conservative,\" Pipes said.<\/p>\n

Marathon Digital is focused on mining digital assets. It owns crypto-currency mining machines and a data center to mine the digital assets.<\/p>\n

Riot Blockchain is focused on building, supporting and operating blockchain technologies.<\/p>\n

BTC, ETH Price Action: Bitcoin was up 2.71% over a 24-hour period and Ethereum was up 3.55% over a 24-hour period at publication time.<\/p>\n

Photo: Quote Inspector from Flickr.<\/p>\n

Latest Ratings for MARA<\/p>\n

Sep 2021<\/p>\n

B. Riley Securities<\/p>\n

Maintains<\/p>\n

Buy<\/p>\n

Jun 2021<\/p>\n

Compass Point<\/p>\n

Initiates Coverage On<\/p>\n

Buy<\/p>\n

May 2021<\/p>\n

B. Riley Securities<\/p>\n

Initiates Coverage On<\/p>\n

Buy<\/p>\n

View More Analyst Ratings for MARA View the Latest Analyst Ratings<\/p>\n

See more from Benzinga<\/p>\n

2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n

<\/p>\n

Read more from the original source:
\nWhy Bitcoin-Related And Ethereum-Related Stocks Are On The Move Today - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency-related stocks including Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) are trading higher Wednesday amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) and positive analyst coverage from B. Riley Securities. B. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94873],"tags":[],"class_list":["post-1029700","post","type-post","status-publish","format-standard","hentry","category-bitcoin-2"],"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/1029700"}],"collection":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/comments?post=1029700"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/1029700\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/media?parent=1029700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/categories?post=1029700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/tags?post=1029700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}