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Why Mara Holdings Stock Dived by Nearly 7% Today
Mara Holdings (MARA 14.04%) is going all-in on the world's top cryptocurrency, and many investors aren't happy about it. The company's stock closed Monday almost 7% lower following news that it would aggressively pursue more Bitcoin (BTC 4.66%) mining and purchasing, fueled partially by a new round of capital raising. This contrasted notably with the rise of the S&P 500 index, which ended the day more than 0.2% higher.

Busy Bitcoin bulls
It was a busy news days for Mara with the release of its monthly production update and the announcement of that financing.

As for the update, the company mined 907 Bitcoin in November, up a robust 26% over the October tally. Its hash rate -- essentially the speed at which its machines collectively process the calculations required to mine the cryptocurrency -- increased 15% to over 46 exahash (EH) per second.

In addition to mining Bitcoin, Mara also actively buys it. In November it loaded up on 6,474 Bitcoin, putting its year-to-date total at 12,965.

Neither buying nor mining is a low-cost activity, so the company is going to the well again for more funds. It announced a new issue of senior convertible notes, which are to be sold in a private offering. The aggregate principal amount of the issue is $700 million, and they mature in 2031. They are zero-coupon securities, meaning that they pay no interest if left unconverted.
#MarketRebound #TRXETF #MaraHoldings #BinanceHODLerHYPER #bitcoin

Bitcoin Jumps 5%, and Crypto Mining Stocks Soared Today



Top 10 Stocks to Buy Now ›

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Bitcoin Jumps 5%, and Crypto Mining Stocks Soared Today

By Travis Hoium – Apr 22, 2025 at 3:05PM

Key Points

Crypto-friendly Paul Atkins was sworn in as the head of the SEC, replacing Gary Gensler.

Investors poured back into risk assets on Tuesday, helping Bitcoin rise, and miners magnified the move.

This $6 Billion Tech Stock Is Thriving Amid Market Turmoil ›

The price of Bitcoin (BTC 4.76%) recovered on Tuesday as investors swung back to a risk-on trade. Markets have feared growing trade tensions between the U.S. and China, and that pushed stocks lower on Monday. Investors looking for a "safe" alternative have pushed gold and Bitcoin higher, with the biggest cryptocurrency jumping 5.2% in the last 24 hours as of 2:10 p.m. ET today

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The Motley Fool
Top 10 Stocks to Buy Now ›

Free Article
Bitcoin Jumps 5%, and Crypto Mining Stocks Soared Today
By Travis Hoium – Apr 22, 2025 at 3:05PM
Key Points

Crypto-friendly Paul Atkins was sworn in as the head of the SEC, replacing Gary Gensler.
Investors poured back into risk assets on Tuesday, helping Bitcoin rise, and miners magnified the move.
This $6 Billion Tech Stock Is Thriving Amid Market Turmoil ›

The price of Bitcoin (BTC 4.76%) recovered on Tuesday as investors swung back to a risk-on trade. Markets have feared growing trade tensions between the U.S. and China, and that pushed stocks lower on Monday. Investors looking for a "safe" alternative have pushed gold and Bitcoin higher, with the biggest cryptocurrency jumping 5.2% in the last 24 hours as of 2:10 p.m. ET today.

Crypto miners followed the move with TeraWulf (WULF 17.56%) jumping as much as 20.9%, Riot Platforms (RIOT 13.04%) rising 14.3%, and MARA Holdings (MARA 14.04%) climbing 12.2%. The stocks are currently up 17.6%, 12.1%, and 11.1% respectively.

#MarketRebound #BinanceAlphaAlert #USStockDrop #BinanceHODLerHYPER #SaylorBTCPurchase

Today, Tuesday, April 22, 2025, the Pi Network cryptocurrency is currently trading at around $0.63 USD. Here's a summary of recent news and developments:
Price Action and Analysis:
* Sideways Movement: The Pi Network price has been relatively stable around the $0.60-$0.63 range in recent days.
* Post-Mainnet Correction: Since its mainnet launch in February, Pi has seen a significant correction from its initial peak of around $3.
* Key Support Level: The $0.60 level is identified as a strong support. Some analysts believe holding above this level could lead to a bullish breakout.
* Token Unlock: Yesterday, April 21st, a scheduled unlock of 5.6 million Pi tokens occurred, which could potentially impact the price. However, the price has remained relatively stable so far. Some analysts had expressed concern that a larger unlock of 7.8 million tokens on April 19th could have increased selling pressure.
* Whale Activity: Interestingly, prior to the 5.6 million token unlock, there was news of a whale buying 7.51 million PI tokens, suggesting some confidence in the network's future.
* Technical Patterns: Some analysts have noted the formation of a double-bottom pattern around the $0.60 level, which is typically a bullish sign. However, others point to a potential head and shoulders pattern, which could indicate further downward pressure.
* Analyst Predictions: Despite the recent price dips, some analysts remain optimistic. One analyst, Dr. Altcoin, believes Pi could reach $314 within the next five years, citing the Core Team's supply-absorbing strategy during previous unlocks as a positive sign. Another analyst sees a potential surge to $5 if the project continues to develop utilities and expand its use cases.
* Market Cap and Ranking: Pi Network currently holds the 24th position in market capitalization rankings.

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#TrumpVsPowell #PiCoreTeam #pi #PiNetworkMainnet

Bitcoin and crypto prices are treading water after U.S. president Donald Trump’s trade war sparked market chaos that’s threatening to spiral into a full-blown “U.S. dollar confidence crisis.”

Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!"

The bitcoin price has plummeted from its January peak of almost $110,000 per bitcoin, dropping along with the stock market, as crypto hurtles toward a $19 trillion “tipping point.”

Now, as billionaire Ray Dalio warns the U.S. is teetering on the verge of a financial crisis and recession that could be worse than 2008, the White House has confirmed Trump is exploring whether he can fire Federal Reserve chair Jerome Powell—something that could trigger an “apocalyptic scenario" for markets.
#TrumpVsPowell #USStockDrop #BinanceAlphaAlert #USChinaTensions