Stock Track | MARA Holdings Soars 5.01% in Pre-Market as Bitcoin Rises Above $87,000

Stock Track

03-05

MARA Holdings, a leading cryptocurrency mining company, saw its stock price soar 5.01% in pre-market trading on Wednesday. This surge can be attributed to the recent rally in Bitcoin's price, which rose above the key $87,000 level.

According to reports, Bitcoin's price climbed near $90,000, up more than 1% at $88,646.25. This increase was driven by several factors, including renewed investor confidence in the crypto market and the anticipation of regulatory clarity from the upcoming White House Crypto Summit.

As a company heavily involved in Bitcoin mining, MARA Holdings' stock price is closely tied to the performance of the cryptocurrency. With Bitcoin's price on the rise, investors are likely betting on increased profitability for MARA Holdings, leading to the pre-market surge in its stock.

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