Stock Track | MARA Holdings Soars 9% in Pre-Market as Trump Unveils Plans for Crypto Reserve

Stock Track

03-03

MARA Holdings, a leading Bitcoin mining company, saw its stock surge 9.05% in the pre-market session on Monday, riding a wave of optimism sparked by former President Donald Trump's announcement regarding plans to include several major cryptocurrencies in a strategic crypto reserve.

Trump's comments, made on his Truth Social platform over the weekend, revealed that the proposed reserve would encompass digital assets like Bitcoin, Ethereum, XRP, Solana, and Cardano. This news fueled a broader rally in the cryptocurrency market, with Bitcoin jumping around 8% and Ethereum rising over 13%.

The inclusion of XRP, Solana, and Cardano in the reserve plans was particularly surprising, according to industry experts. These tokens saw even more substantial gains, rallying between 20% and 50% following Trump's statements. The former president also reiterated his support for Bitcoin and Ethereum, stating, "I also love Bitcoin and Ethereum."

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