Several crypto-related stocks including Coinbase Global Inc (NASDAQ: COIN), Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Platforms Inc (NASDAQ: RIOT) are trading lower Thursday, pulling back from a recent rally alongside the price of Bitcoin (CRYPTO: BTC).
What's Going On: Bitcoin and the broader crypto market appear to be taking a breather following a recent surge in prices in anticipation of potential spot Bitcoin ETF approval. Many analysts expect approval to come in the first couple weeks of 2024.
The crypto market has also gotten a boost ...