Stock Track | MARA Holdings Plunges 5.25% in Pre-Market as Bitcoin Selloff Intensifies on Fed's Hawkish Stance
MARA Holdings, a leading cryptocurrency mining company, experienced a sharp 5.25% pre-market plunge on Friday, as the broader cryptocurrency market witnessed a significant selloff, with Bitcoin prices dropping over 10% from recent record highs.The selloff in the crypto market was primarily driven by the Federal Reserve's hawkish stance on interest rates, signaling fewer rate cuts in the future. This dampened speculative zeal and led investors to reduce their exposure to risky assets, including c
$ARM Holdings Ltd(ARM)$ Yes there's definitely projection - we're not there yet, but investors should be wary of investing in an equity that is 90% owned by a volatile investment fund in a market under pressure. If the Japanese market keeps sinking, particularly the trading houses and banks, it's only natural to expect levered investment firms and funds to struggle mightily. If this is a one-off and the Japanese market bounces back strong, then there's nothing to worry about.