Top US Bitcoin Miner Plunges Amid BTC Correction— Momentum Score Hits Bottom Decile

MARA Holdings Inc. (NASDAQ:MARA), the world’s largest publicly traded Bitcoin miner by hashrate, has cratered into oversold territory, with its Benzinga Edge’s Stock Rankings‘ momentum score plunging to the bottom 10th percentile of all stocks.

Check out MARA’s stock price here.

What Does Momentum Ranking Entail?

The metric, which tracks relative price strength and volatility across timeframes, reflects a week-over-week collapse amid Bitcoin’s sharp correction from recent highs above $126,000.

BTC was trading 30.7% lower from its all-time high on Oct. 7. During the publication of this article, the prices were 1.34% higher at $87,471.66 per coin.

See Also: Forget MSTR — These 3 BTC-Linked Stocks With Weakening Momentum Are In Focus Amid Big Bitcoin Fall

MARA Tumbles Amid BTC Correction

Shares of …

Full story available on Benzinga.com