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benzinga.com
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Fred Thiel Celebrates As Soaring Bitcoin Sends Marathon Holdings' Market Cap To A Record High: 'Must Be Something Still To Come To Top Off MARA's 2024…Or?' - Coinbase Glb (NASDAQ:COIN)

1. MARA's market cap reached $9.03 billion amid Bitcoin's rise. 2. Coinbase's market cap is currently $80.87 billion. 3. MARA expanded Bitcoin holdings by $1 billion, adding 703 Bitcoins. 4. MARA's hash rate is nearing 50 EH/s, signaling strong mining performance. 5. The broader market reflects challenges, with stocks affected by Bitcoin price decline.

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FAQ

Why Neutral?

Coinbase's performance is tied to Bitcoin's volatility, showing mixed market reactions.

How important is it?

Market developments in Bitcoin mining affect the crypto-related market, including COIN.

Why Short Term?

Immediate fluctuations in Bitcoin price may indirectly influence COIN's short-term performance.

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