MARA Holdings, a leading cryptocurrency mining company, saw its stock plummet 5.89% in the intraday trading session on Friday. The decline came as the broader cryptocurrency market experienced a sell-off, with Bitcoin, the world's largest digital asset, sliding below the $102,000 level.
According to market data, major cryptocurrencies faced significant pressure, with Bitcoin dropping 3.3% to $101,805 and Ethereum, the second-largest digital asset by market value, declining 2.6% to $3,329. Other popular cryptocurrencies like XRP, Solana, and BNB also suffered losses, contributing to the overall bearish sentiment in the market.
The cryptocurrency market's total value decreased by 2% in the past 24 hours to $3.5 trillion, while the 24-hour trading volume increased 3.3% to $119.76 billion. The broader stock market also faced volatility, with the Nasdaq 100 slipping 0.2%, the S&P 500 edging down 0.5%, and the Dow Jones Industrial Average dipping 0.8%.
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