Get Ready for the Bitcoin Halving — TradingView News

Marathon Digital MARA stock is on the rise Friday as the Bitcoin BTCUSD mining company prepares for the token’s halving event.

That Bitcoin halving is expected to take place either today or sometime tomorrow. When this happens, the reward for mining BTC will be reduced. That’s a big deal for MARA stock and other Bitcoin mining shares.

The pressure of the upcoming Bitcoin halving has been weighing on mining stocks but that might not be a bad thing. While this has MARA stock down 32.4% year-to-date, this weakness could make for an attractive entry point.

It also bears mentioning that Marathon Digital and other Bitcoin mining companies are better prepared for the halving this time around. That has them ordering new miners, increasing electricity flows and taking other actions to prepare for the event.

What The Bitcoin Halving Means for MARA Stock

One thing that traders in MARA will keep in mind is the effects of the Bitcoin halving. Experts are predicting that the event will send the token higher. That includes it surpassing its previous all-time high. This could be a major boon to BTC miners.

MARA stock is up 2.1% as of Friday morning with more than 12 million shares traded. That’s still below its daily average trading volume of about 66 million shares.

Investors will find even more of the most recent stock market stories below!

We have all of the hottest stock market news investors need to know about on Friday! A few examples include what’s happening with shares of Redwoods Acquisition RWOD, Trump Media DJT and BioNexus Gene Lab BGLC stock today. All of that news is available at the following links!

More Stock Market News for Friday

• RWOD Stock: 7 Things to Know About the Anew Medical Merger
• DJT Stock Pops as Trump Media Takes On Short Sellers
• Why Is BioNexus Gene Lab (BGLC) Stock Down 27% Today?

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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