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WKN DE: A2QQBE / ISIN: US5657881067

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07.11.2024 00:51:00

It's More Than Donald Trump's Win That's Taking Marathon Digital 19% Higher Today. Here's What to Know.

Marathon Digital (NASDAQ: MARA) is one of the most prominent Bitcoin (CRYPTO: BTC) miners in the world and certainly one that I watch closely. This top-crypto miner rallied nicely today, surging 19% as of market close.While the overall narrative around crypto has certainly shifted over the past 24 hours thanks to a Donald Trump victory in the 2024 presidential election, there's more to the story when it comes to why shares of Marathon Digital are spiking today. The fact that there is now a pro-crypto president in power is certainly bullish for this sector overall, and Trump's previous comments around building a strategic Bitcoin reserve (over and above the digital tokens that have been confiscated from wrongdoers) help the Bitcoin argument (and by extension, Marathon Digital). That said, I'm going to dive into two other key factors I think Marathon Digital investors need to closely consider right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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MARA 13,67 -0,64% MARA