What's Going On With Marathon Digital, Riot Platforms Shares Today?
Portfolio Pulse from Adam Eckert
Marathon Digital Holdings (MARA) and Riot Platforms (RIOT) shares are pulling back after a rise on Monday, driven by Bitcoin's bounce from recent lows. Bitcoin's recent performance and ETF inflows are influencing these mining stocks.
July 02, 2024 | 5:44 pm
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NEGATIVE IMPACT
Marathon Digital Holdings shares are down 3.04% after a rise on Monday, influenced by Bitcoin's recent performance and ETF inflows.
Marathon Digital's stock is closely tied to Bitcoin's performance. The recent pullback in Bitcoin and the outperformance of mining stocks on Monday likely led to profit-taking, causing the stock to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Riot Platforms shares are down 1.21% after a rise on Monday, influenced by Bitcoin's recent performance and ETF inflows.
Riot Platforms' stock is closely tied to Bitcoin's performance. The recent pullback in Bitcoin and the outperformance of mining stocks on Monday likely led to profit-taking, causing the stock to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100