Stock Track | MARA Holdings Plummets 5.03% as Bitcoin Tumbles on Rate Hike Fears

Stock Track

Jan 09, 2025

MARA Holdings Inc., a leading Bitcoin mining company, saw its stock plummet by 5.03% in intraday trading on Wednesday, underperforming the broader market amid a selloff in cryptocurrency-related assets.

The decline in MARA's share price coincided with a 1.8% drop in the price of Bitcoin, the world's largest cryptocurrency by market capitalization, which fell to around $95,000 after briefly surpassing the $100,000 mark earlier this week.

The sell-off in the crypto market appears to have been triggered by stronger-than-expected economic data from the United States, reigniting concerns about aggressive interest rate hikes by the Federal Reserve to combat inflation. Robust job openings and manufacturing data released on Wednesday raised doubts about the central bank's ability to achieve a soft landing for the economy, prompting investors to flee risk assets like Bitcoin and crypto stocks.

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Robust job openings and manufacturing data released on Wednesday raised doubts about the central bank's ability to achieve a soft landing for the economy, prompting investors to flee risk assets like Bitcoin and crypto stocks.</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":"1100519439","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100519439","pubTimestamp":1736355515,"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 Inc., a leading Bitcoin mining company, saw its stock plummet by 5.03% in intraday trading on Wednesday, underperforming the broader market amid a selloff in cryptocurrency-related assets.The decline in MARA's share price coincided with a 1.8% drop in the price of Bitcoin, the world's largest cryptocurrency by market capitalization, which fell to around $95,000 after briefly surpassing the $100,000 mark earlier this week.The sell-off in the crypto market appears to have been trigge","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MARA":"MARA Holdings"},"translate_title":"比特币因加息担忧而暴跌，MARA Holdings股价暴跌5.03%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MARA":1},"content_text":"MARA Holdings Inc., a leading Bitcoin mining company, saw its stock plummet by 5.03% in intraday trading on Wednesday, underperforming the broader market amid a selloff in cryptocurrency-related assets.\nThe decline in MARA's share price coincided with a 1.8% drop in the price of Bitcoin, the world's largest cryptocurrency by market capitalization, which fell to around $95,000 after briefly surpassing the $100,000 mark earlier this week.\nThe sell-off in the crypto market appears to have been triggered by stronger-than-expected economic data from the United States, reigniting concerns about aggressive interest rate hikes by the Federal Reserve to combat inflation. 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