Is Marathon Digital Holdings Stock a Buy Now?
Marathon Digital Holdings (NASDAQ: MARA), which became a pure-play Bitcoin (CRYPTO: BTC) miner back in 2020, turned into a red-hot stock the following year as the market's demand for cryptocurrencies skyrocketed. Its shares soared above $80 last November, but they now trade at around $14.
The stock has tracked Bitcoin's price, which topped $65,000 last November before slumping below $20,000 at the beginning of this month. Bitcoin's price has seemingly stabilized above the $20,000 mark -- will Marathon's stock follow suit and recover?
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Source Fool.com
