Stock Track | MARA Holdings Plummets 5.23% as Bitcoin Slumps and Crypto Stocks Fall

Stock Track

01-07

MARA Holdings, a leading bitcoin mining company, saw its stock plummet by 5.23% in pre-market trading on Tuesday, underperforming the broader market. This decline was primarily driven by a slump in the cryptocurrency market, as Bitcoin fell below $99,000, currently trading at $98,511 with a 24-hour drop of 3.6%.

The drop in MARA's stock price was part of a broader sell-off in crypto-related companies. According to reports, Canaan fell 8%, MicroStrategy fell 7%, Coinbase fell 5%, and Riot Platforms fell 4% during Tuesday's trading session.

MARA Holdings' fortunes are closely tied to the performance of Bitcoin and the overall cryptocurrency market. As a bitcoin mining company, MARA's profitability and stock valuation are heavily influenced by the price of Bitcoin and the demand for crypto mining services. The recent decline in Bitcoin's price has likely weighed on investor sentiment towards MARA and other crypto-focused companies.

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The recent decline in Bitcoin's price has likely weighed on investor sentiment towards MARA and other crypto-focused companies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MARA","symbol_name":"MARA Holdings","start_time":0,"source_url":"","article_id":"1150969463","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150969463","pubTimestamp":1736263722,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MARA Holdings, a leading bitcoin mining company, saw its stock plummet by 5.23% in pre-market trading on Tuesday, underperforming the broader market. 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