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Benzinga
Benzinga
Business
Melanie Schaffer

Marathon Digital Spikes Higher As Bitcoin, Crypto Sector Holds Steady: What's Happening?

Marathon Digital Holdings, Inc (NASDAQ:MARA) spiked up over 6% after the market opened Thursday before running into a group of sellers. The stock was outpacing Bitcoin (CRYPTO: BTC), which was trading near to flat.

The cryptocurrency market has shown relative strength versus the general markets over the last few weeks, holding steady or moving slightly higher while the S&P 500 has been trading in a confirmed downtrend on the daily chart.

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