MARA Holdings (MARA) experienced a significant pre-market plunge of 12.12% on Monday, as the cryptocurrency market faced a sharp downturn amid a broader global market selloff. The steep decline in MARA's stock price outpaced the fall seen in major cryptocurrencies, highlighting the company's heightened sensitivity to digital asset market fluctuations.

The crypto market rout saw Bitcoin shedding 6.2% of its value to just over $78,080, while Ethereum plummeted by 13% to around $1,576. This downturn is part of a larger global market swoon that has already erased trillions in value across various markets. The selloff has been exacerbated by geopolitical tensions, including the recent announcement of sweeping tariffs by the Trump administration, which has intensified fears of an escalating trade war.

As a company likely involved in Bitcoin mining or holding significant cryptocurrency assets, MARA Holdings is particularly vulnerable to such market volatility. Analysts have identified $75,000 as a critical support level for Bitcoin, and with former Treasury Secretary Larry Summers warning of possible further market turbulence, cryptocurrency-related stocks like MARA may continue to face pressure in the coming days. Investors are closely watching the crypto market's trajectory, with options markets suggesting that selling pressure may persist in the short term.