MARA Holdings (MARA) surged 5.05% in pre-market trading on Monday, reflecting a broader rally in crypto-related stocks. The movement aligns with a significant uptick in Bitcoin and other digital assets.
The rally comes as Bitcoin hit a three-week high, driven by political uncertainty following the US move to oust Venezuela’s president Nicolás Maduro. Investors flocked to crypto assets as a hedge against geopolitical turmoil, with Bitcoin rising as much as 2.3% to $93,323. Ether and other tokens also edged higher, boosting sentiment across the crypto sector.
The gains in MARA Holdings and other crypto stocks 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 drive momentum in crypto-related stocks.
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