MARA Holdings, a leading cryptocurrency mining company, saw its stock soar 5.06% in Friday's pre-market trading session. This surge can be attributed to the recent rally in Bitcoin, which surpassed the $99,000 mark.
According to market reports, Bitcoin's price reached a new high of $99,168.61 before consolidating slightly. The flagship cryptocurrency's dominance also increased to 60.87%, signaling a broader rally in the crypto market.
The rise in Bitcoin's value has fueled optimism among cryptocurrency mining companies like MARA Holdings. As the profitability of mining operations increases with higher Bitcoin prices, investors are bullish on the prospects of these firms.
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