🔴 Marathon Digital Holdings is trading 5.6% down today as hotter-than-expected inflation pressures miners

Marathon Digital Holdings is trading at $7.87, down 5.6%, as renewed inflation and rate concerns weigh on crypto miners.

• Bitcoin fell 1.09% and Ethereum 0.90% since prior close.
• Mining shares faced broader pressure. September CPI was 3.7%, above the 3.6% forecast; reporting linked the inflation-driven selloff to weakness in Bitcoin miners.
• Broader markets, particularly technology stocks, were weaker, adding to risk-off sentiment; available reporting identified no clear company-specific catalyst for the October 16 decline.