MARA Holdings (MARA) saw its stock price drop sharply by 5.08% during pre-market trading on Monday, reflecting heightened volatility in the crypto sector.
The decline aligns with a broader downturn in crypto-related stocks as Bitcoin fell below $86,000, dragging down miners and blockchain firms. Investor sentiment weakened further after S&P Global Ratings downgraded its assessment of USDT's stability and China's central bank issued warnings about virtual currencies. MARA Holdings, as a crypto-linked stock, was particularly vulnerable to these market shifts.
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