MARA Holdings (MARA) experienced a significant intraday surge on Tuesday, with its stock price soaring 5.02%. The move aligns with a broader rally in cryptocurrency-related equities during the trading session.

The sharp increase appears to be driven by a rally in the underlying cryptocurrency market. Bitcoin, the leading digital asset, climbed to a four-week high amid rising optimism that the United States could strike a deal with Iran to end their ongoing conflict. This development boosted risk assets broadly, including cryptocurrencies and the stocks of companies tied to the digital asset ecosystem.