Why These 10 Stocks Were Skyrocketing on Friday

6. MARA Holdings Inc. (NASDAQ:MARA)

Shares of MARA Holdings (MARA) finished higher on Friday, adding 8.8 percent to end at $19.91 apiece as investors gobbled up shares in MARA Holdings (MARA) in hopes that the cryptocurrency industry is set for a boost under the incoming Trump administration.

Earlier reports said that Trump could release an executive order making cryptocurrency a national priority as soon as day one of his new term.

Additionally, a cryptocurrency advisory is being eyed to give the industry a voice within his administration. A Bitcoin stockpile is part of discussions about a possible executive order that would cover several areas of crypto policy.

Trump, a former critic of cryptocurrency, has said that he will advocate for industry concerns during his upcoming administration, including appointing David Sacks as the newly-created “Crypto Czar” cabinet position to advance regulation and create a “strategic bitcoin reserve.”