
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.