MARA Holdings (MARA) saw its stock plummet by 5.06% during intraday trading on Friday, reflecting a broader downturn in crypto-related stocks.
The decline was attributed to Bitcoin falling below the $90,000 mark, which negatively impacted investor sentiment across the crypto sector. MARA Holdings was among the stocks affected, as the drop in Bitcoin's price often correlates with declines in crypto mining and related companies.