Why Bitcoin-Related Stock Marathon Digital (MARA) Is Volatile
Portfolio Pulse from Henry Khederian
Marathon Digital Holdings Inc (MARA) shares are down 9.03% this week amid broader weakness in cryptocurrencies. The decline follows SEC lawsuits against Coinbase and Binance for alleged securities violations.
June 06, 2023 | 2:59 pm
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Marathon Digital Holdings (MARA) shares are down 9.03% this week due to broader weakness in cryptocurrencies and SEC lawsuits against Coinbase and Binance.
The decline in MARA's stock price is directly related to the broader weakness in cryptocurrencies caused by the SEC lawsuits against Coinbase and Binance. These lawsuits have created uncertainty in the market, leading to a negative impact on crypto-related stocks like MARA.
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