MARA Stock Increases Over 15% Pre-Market: Why It Happened

By Amit Chowdhry ● Jul 26, 2021
  • The stock price of Marathon Digital Holdings Inc (NASDAQ: MARA) increased by over 15% pre-market. This is why it happened.

The stock price of Marathon Digital Holdings Inc (NASDAQ: MARA) increased by over 15% pre-market. Investors are responding positively to the price of Bitcoin increasing. Marathon Digital is known as a digital asset technology company that mines cryptocurrencies. And the company also focuses on the blockchain ecosystem and the generation of digital assets. 

As of 4:45 AM ET today, the prices of bitcoin, ethereum, and dogecoin all increased over 7% over the past 24 hours. Bitcoin hit a new six-week high price of $38,680 as of this morning. 

One of the reasons why the price of bitcoin is increasing is due to rumors that Amazon could begin accepting the cryptocurrency at the end of this year.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.