MARA Holdings (MARA) experienced a significant downturn during intraday trading on Monday, with its stock price plummeting by 5.03%. This sharp decline comes amidst a broader sell-off in cryptocurrency-related stocks in the U.S. market.
The cryptocurrency sector as a whole faced headwinds, with several notable players in the space seeing red. Coinbase (COIN) dropped 2.70%, while Riot Platforms (RIOT) fell by 4.49%. Other crypto-related stocks such as Strategy (MSTR) and BTCS also experienced declines of 2.72% and 4.42% respectively.
The downward trend for MARA Holdings began in pre-market trading, where it was already down 2.37%. As the day progressed, selling pressure intensified, leading to the more substantial 5.03% drop. This movement suggests a continuation and acceleration of negative sentiment towards cryptocurrency stocks throughout the trading day.
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