Posted 12/28/2023, 1:04:00 PM
Marathon Digital Stock Ends 11-Day Win Streak As Bitcoin Falls from Highs
- Marathon Digital's stock fell over 7% in premarket trading, ending an 11-day record win streak
- The drop comes as bitcoin also reversed course, falling 1.6% after earlier gains
- Marathon's stock had rocketed 112% during the win streak to its highest price since March
- The gains were fueled by optimism a bitcoin spot ETF could be approved as early as next week
- The pullbacks in Marathon's stock and bitcoin come as S&P 500 futures edge up