10 Firms Suffer Steep Downfall on Monday

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5. MARA Holdings Inc. (NASDAQ:MARA)

MARA Holdings fell by 16.29 percent on Monday to close at $13.41 apiece alongside its crypto mining firms, as investors sold off positions amid economic uncertainties from President Donald Trump’s government policies.

The decline was also in line with the drop in Bitcoin prices, which has already fallen by 27 percent to the $79,000 territory from the $109,000 peak when Trump returned to the White House.

MARA, a Bitcoin mining company, is currently one of the largest Bitcoin hoarders, with more than 44,000 Bitcoins in its holdings.

Over the past few weeks, MARA has been riding the wave of volatility in the cryptocurrency industry, having earned Trump’s backing. However, traders hungry for more developments found the lack of more concrete plans disappointing.

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