{"id":22285,"date":"2022-07-09T01:41:17","date_gmt":"2022-07-09T01:41:17","guid":{"rendered":"http:\/\/egrowonline.com\/?p=22285"},"modified":"2022-07-09T01:41:17","modified_gmt":"2022-07-09T01:41:17","slug":"crypto-miner-marathons-54-surge-still-leaves-stock-deep-in-red","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=22285","title":{"rendered":"Crypto Miner Marathon\u2019s 54% Surge Still Leaves Stock Deep in Red"},"content":{"rendered":"


\n<\/p>\n

\n

Crypto mining giant Marathon Digital Holdings Inc. <\/a>had its best weekly gain since February 2021, leading a rally in digital-asset shares as the crypto market enjoyed a respite from recent steep declines. The stock\u2019s gains, while impressive, were nowhere near enough to erase losses incurred this year.<\/p>\n

Marathon surged 54% in a holiday-shortened week to close at $8.51 in Nasdaq trading, with Bitcoin on track for its biggest weekly gain since March. Other top public miners also rose: Riot Blockchain and Core Scientific each advanced more than 30%. Even after the gains, Marathon is down almost 75% so far in 2022, while the broader NYSE FactSet Global Blockchain Technologies Index is down 65%, reflecting a tumble in cryptocurrencies that wiped out some $2 trillion in market value since last fall.<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto mining giant Marathon Digital Holdings Inc. had its best weekly gain since February 2021, leading a rally in digital-asset shares as the crypto market enjoyed a respite from recent steep declines. The stock\u2019s gains, while impressive, were nowhere near enough to erase losses incurred this year. Marathon surged 54% in a holiday-shortened week to […]<\/p>\n","protected":false},"author":1,"featured_media":22286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[40],"tags":[62,5191,1161,9620,1531,87,593,371],"class_list":["post-22285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-deep","tag-leaves","tag-marathons","tag-miner","tag-red","tag-stock","tag-surge"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/1200x800.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22285"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22285\/revisions"}],"predecessor-version":[{"id":22287,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22285\/revisions\/22287"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/22286"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22285"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}