MARA Holdings (MARA) experienced a significant after-hours plunge of 5.15% on Wednesday, as cryptocurrency-related stocks tracked Bitcoin's weakness. The world's largest cryptocurrency, Bitcoin, slipped to trade just under the $85,000 mark, pulling down various crypto and blockchain-related companies in the process.

Earlier in the day, crypto stocks had shown strength, with MARA Holdings rising 5% in morning trading as Bitcoin approached $86,000. However, the tide turned as Bitcoin's value declined, losing nearly 9% of its value year-to-date in 2025. This volatility in the cryptocurrency market has been reflected in the performance of stocks like MARA, which are closely tied to Bitcoin's movements.

The after-hours drop in MARA's stock price aligns with the broader trend observed in other cryptocurrency-related companies. Coinbase Global, Riot Platforms, and MicroStrategy all experienced declines in premarket trading, indicating that investors are responding to the weakening cryptocurrency market. As Bitcoin continues to fluctuate, companies like MARA Holdings may face further volatility in the short term.