MARA Holdings (MARA) surged 5.80% in intraday trading on Monday, mirroring a broader rally in crypto-related stocks. The uptick coincided with Bitcoin hitting a three-week high, driven by geopolitical uncertainty following the US move to oust Venezuela’s president Nicolás Maduro. Investors flocked to digital assets as a hedge, with Bitcoin rising 2.3% to $93,323, boosting sentiment across the crypto sector.
The gains were further supported by a positive backdrop in Asian markets, where equities reached all-time highs fueled by technology and AI bets. Traders are now watching whether Bitcoin can sustain a break above $94,000, which could further propel crypto stocks like MARA. The geopolitical turmoil and Bitcoin's rally have reignited interest in crypto assets as alternative investments.
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