MARA Holdings (MARA) saw its stock price plunge 7.85% during Monday's trading session, mirroring a sharp downturn in the cryptocurrency market. The decline was part of a broader selloff in crypto-linked stocks as Bitcoin fell below $86,000 and Ethereum dropped over 7%.
The selloff reflects heightened risk aversion among investors, compounded by regulatory warnings from China's central bank about stablecoin risks and ongoing macroeconomic uncertainty. Crypto miners and blockchain firms, including MARA Holdings, were particularly vulnerable to the market shift.
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