MARA Holdings Stock Slides As Bitcoin Breaches $90,000 Level
MARA Holdings Inc (NASDAQ:MARA) are trading lower on Wednesday afternoon, swept up in a broader sell-off of crypto-linked stocks as Bitcoin tumbled below the key $90,000 threshold. Here’s what investors need to know.
- MARA stock is showing notable weakness. Find out why here.
What To Know: Bitcoin was last seen trading near $89,000 Wednesday afternoon, dragging down the sector amid what some analysts fear is the onset of a bear market. The crypto downturn has triggered over $538 million in trader liquidations in the past 24 hours, heavily impacting sentiment for miners like MARA.
The drop puts pressure on MARA shortly after its third-quarter earnings report, released earlier this month. While the company posted a massive 92% year-over-year revenue surge and holds a formidable treasury of 52,850 BTC, it recently faced price target cuts from …
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