MARA Holdings' stock is soaring 6.67% in intraday trading, riding the wave of a broader crypto market rally. The surge comes as Bitcoin, the leading cryptocurrency, reached $85,570, igniting a rally across crypto-related stocks.

The crypto sector is experiencing widespread gains, with several companies seeing significant increases in their stock prices. CleanSpark is up 7%, while industry giants like Strategy have posted gains of 4%. This uptick in crypto stocks is directly correlated with Bitcoin's price movement, highlighting the strong connection between cryptocurrency performance and related equities.

However, investors should remain cautious as the crypto market faces potential headwinds. Japan's 30-year bond yields have surged to their highest level in 20 years, reaching 2.345%. This development could signal a shift in global risk appetite and may impact cryptocurrency markets in the near future. Analysts suggest that if the Bank of Japan tightens its monetary policy, it could lead to reduced liquidity in financial markets, potentially affecting crypto assets.