MARA Holdings (MARA) saw its stock price drop by 5.08% in pre-market trading, reflecting a broader downturn in the cryptocurrency sector. The decline aligns with a risk-off sentiment among investors as Bitcoin and Ethereum faced significant losses.
The crypto market selloff was triggered by Bitcoin falling below $86,000 and Ethereum dropping over 7%, dragging down crypto-linked stocks like MARA Holdings. Analysts attribute the weakness to renewed risk aversion and concerns over the sector's volatility, compounded by regulatory warnings and macroeconomic uncertainties.
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