Why Bitcoin-Related Stock Marathon Digital (MARA) Is Seeing Blue Skies
Portfolio Pulse from Henry Khederian
Shares of Marathon Digital Holdings Inc (NASDAQ:MARA) are trading higher by 9.1% amid a rise in Bitcoin. The company may also be benefiting from Coinbase's regulatory approval to enable retail perpetual futures trading, which can attract a broader range of traders and potentially increase trading volumes in cryptocurrencies.
September 28, 2023 | 6:17 pm
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Marathon Digital's stock is trading higher due to the rise in Bitcoin and the potential increase in cryptocurrency trading volumes following Coinbase's regulatory approval.
Marathon Digital's stock price is directly influenced by the performance of Bitcoin and the overall cryptocurrency market. The recent rise in Bitcoin and the potential increase in trading volumes due to Coinbase's regulatory approval for retail perpetual futures trading are likely to have a positive impact on the company's stock.
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