Bitcoin Market Resurgence

On March 24, Bitcoin (BTC) is leading a cryptocurrency market resurgence after weeks of turbulence and stagnation. Specifically, on Monday, BTC soared 2.46% to its press time price of $88,142.

The rally extends a greater rise that began on Sunday, March 23, when the premier cryptocurrency was trading at about $84,000.

In the digital assets market’s excitement, a selection of blockchain companies have also made significant moves.

MARA Holdings Inc. (NASDAQ: MARA) was among the best-performing stocks during the initial hours after the morning bell. By press time on March 24, MARA shares had rallied 12.28% in the Monday session — almost six times as much as BTC — trading at $13.90.

Why MARA Stock is Soaring Today

Examining recent developments regarding the miner, it seems the primary driver of the upswing is the cryptocurrency market rise in the last 24 hours.

The strength is also seen in another stock closely linked to Bitcoin, Strategy (NASDAQ: MSTR), which is up 6.93% to $325.08 in the March 24 session.

However, MARA’s leadership in Monday’s trading may also stem from a mix of long-standing factors. Concerns over extended periods of BTC price stagnation, especially after the April 2024 halving, have impacted miners’ equity.

MARA Holdings stock is currently down 33.39% over the last 12 months and 18.91% since the start of 2025. This pricing situation, along with relatively strong earnings (the miner beat Wall Street forecasts in three out of the last four reports), suggests that MARA equity is undervalued and poised to benefit from the Bitcoin rally.

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