Why Bitcoin-Related And Ethereum-Related Stock Marqeta Is Falling
- Date: 24-Oct-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Why Bitcoin-Related And Ethereum-Related Stock Marqeta Is Falling
Marqeta Inc (NASDAQ: MQ) shares are trading lower possibly on profit-taking. The stock rallied roughly 23% over the past 5 days. Also, Jim Cramer said he prefers Square to Marqueta, which could be impacting price action.
Marqeta shares were trading higher this week after the company highlighted it is 'powering cryptocurrency spending and rewards products' for Coinbase, Fold, Shakepay and Bakkt and is seeing 'rising interest' in new card products in the cryptocurrency category.
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