Markets turned bearish on cryptocurrency related stocks on Monday with Coinbase Global, Robinhood Markets, Marathon Holdings and MicroStrategy Incorporated facing selling pressure.

Coinbase Global gained 2 percent as cryptocurrencies witnessed a recovery after a highly volatile session on Monday. Bitcoin, Ethereum and Solana faced massive selling pressure at higher levels.

Premarket trades in Rivian, Mersana Therapeutics, MicroStrategy (MSTR) and Honest Company after positive news, have led to decent returns for investors holding these stocks.

Bitcoin has been showcasing strongly bullish trends and five stocks witnessed strength whenever cryptocurrency markets gain.

Coinbase and Marathon Digital Holdings stocks were trading with impressive gains on Columbus Day as Nasdaq was trading nearly 1.2 percent higher.

Coinbase stock was trading firm on Friday as majority of cryptocurrencies were trading positive today. BTC briefly traded above $64,000 but then declined in 63,500 range.