Bitcoin Leads a Cryptocurrency Market Revival
On March 24, Bitcoin (BTC) is at the forefront of a notable resurgence in the cryptocurrency market, marking a potential end to a period of turbulence and stagnation. On Monday, BTC experienced a significant uptick, climbing 2.46% to reach a press time value of $88,142.
This upward momentum is an extension of a broader upward trend initiated on Sunday, March 23, when the leading cryptocurrency was trading around $84,000.
The Impact on Blockchain Companies
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The excitement within the digital assets sphere has also influenced its primary stock market counterparts, particularly blockchain-related companies. Among these, MARA Holdings Inc. (NASDAQ: MARA) has emerged as a standout performer.
By the time the markets closed on March 24, MARA shares had surged by an impressive 12.28% during the Monday session, significantly outpacing BTC’s gains, and were trading at $13.90.
Why MARA Stock Is Experiencing a Surge
Several factors are contributing to MARA’s remarkable performance. The recent cryptocurrency market rally, especially in the past 24 hours, seems to be the primary catalyst for this uptick. The positive momentum has also extended to other Bitcoin-related stocks such as Strategy (NASDAQ: MSTR), which saw a rise of 6.93% to $325.08 during the March 24 session.
Nonetheless, MARA’s leadership in Monday’s trading session is likely a result of a combination of other long-term factors. Concerns regarding prolonged periods of BTC price stagnation, particularly following the anticipated April 2024 halving, have exerted pressure on miners’ equities.
Over the past 12 months, MARA Holdings stock has declined by 33.39% and has experienced an 18.91% dip since the beginning of 2025. This pricing scenario, coupled with the company consistently exceeding Wall Street earnings forecasts in three of the last four reports, suggests that MARA’s stock is undervalued and poised to capitalize on the ongoing Bitcoin rally.
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