MARA Holdings (MARA) is experiencing a significant pre-market plunge of 6.28% on Thursday, as cryptocurrency-related stocks continue to feel the pressure from Bitcoin's recent weakness and broader market concerns. This downturn follows a challenging Wednesday for the company, which saw its stock price drop by 6.20% during regular trading hours and an additional 5.15% in after-hours trading.

The world's largest cryptocurrency, Bitcoin, has slipped to trade just under the $85,000 mark, pulling down various crypto and blockchain-related companies in the process. Bitcoin's value has declined nearly 9% year-to-date in 2025, reflecting the ongoing volatility in the cryptocurrency market. This instability has strongly impacted stocks like MARA, which are closely tied to Bitcoin's movements.

Adding to the pressure on MARA and other risk assets is the recent announcement by President Donald Trump of new tariffs on US trading partners worldwide. This move has triggered a broader slump in risk assets, including cryptocurrencies. The tariffs, which include a minimum 10% levy on all exporters to the US and additional duties on countries with large trade imbalances, have raised concerns about potential economic impacts and inflationary pressures. As investors reassess their positions in light of these developments, cryptocurrency-related stocks like MARA Holdings are experiencing heightened volatility.