Stock Track | MARA Holdings Plummets 19.57% Intraday Amid Crypto Market Crash and Bitcoin's 16-Month Low

Stock Track

02/06

MARA Holdings stock experienced a sharp decline of 19.57% during Thursday's trading session, as the cryptocurrency mining company was caught in a broad market selloff.

The plunge in MARA's share price was driven by a severe downturn in the cryptocurrency market, with Bitcoin hitting a 16-month low. This decline triggered a 74% surge in liquidations across the crypto market, reaching $1.4 billion, which negatively impacted related stocks.

Market sentiment reached extreme fear levels, with the Crypto Fear and Greed Index dropping to 10. Additionally, geopolitical concerns, including fears of a potential strike on Iran, contributed to the risk-off environment affecting digital assets and companies tied to them.

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