Markets turned bearish on cryptocurrency related stocks on Monday with Coinbase Global, Robinhood Markets, Marathon Holdings and MicroStrategy Incorporated facing selling pressure. All these stocks have recently touched 52-week highs and usually stocks turn highly volatile near their yearly highs.

Coinbase Global stock opened today's session at $339.91 and touched an intraday high of $340.16. the stock touched low of $309.68 and closed the session at $310.52. Coinbase continues to dominate institutional trading, with November spot exchange volumes averaging nearly $6 billion daily—triple the $2 billion recorded in Q3.

There is no specific reason for today's decline in these stocks except for the fact that cryptocurrency markets are facing a sideways movement these days. Bitcoin has managed to touch 100K in the recent trading sessions and its price has repeatedly breached that level. However, Bitcoin price doesn't stay above $100K level for long and stock markets are probably seeing this uncertainty as a reason for prices to soon correct. After Donald Trump won the elections, cryptocurrency markets witnessed a strong bullish momentum and that trend seems to wear out at the moment. Ethereum and other altcoins witnessed a sharper correction in today's trade.

Robinhood Markets closed today's session with 5.1 percent decline at $39.54 after touching intraday high of $42.09. The stock is still trading close to its yearly high of $42.70. Research house Barclays has upgraded Robinhood Markets stock considering the stronger revenue expectations for the current quarter. Mizuho research attributes Robinhood’s growing retail market share in cryptocurrency trading to its cost-effective pricing structure.

MicroStrategy Incorporated (MSTR) opened the session at $394.00 and faced an intraday low of $363.44. The stock closed 7.5% lower at $365.34, marking one of the worst performances in the recent trading sessions.

MARA Holdings closed 9.7 percent lower at $23.86. The stock has witnessed higher volatility in the recent sessions as the company has been putting more money in cryptocurrency. At the same time, volatility in cryptocurrencies has led to higher valuations for MARA Holdings.

All these stocks except for Robindhood have high exposure to Bitcoin and other cryptocurrencies. Investors should carefully invest in these stocks as they can offer high reward but risks are also very high in these counters.