🔴 Marathon Digital Holdings is trading 4.7% down today amid cryptocurrency selloff

Marathon Digital Holdings is trading 4.7% down at $10.96, tracking a sharp cryptocurrency selloff.

• Bitcoin is down 3.62% since the September 14 close, while Ethereum has fallen 6.66%.
• Broader risk assets are under pressure as the 10-year Treasury yield reaches 5.02% and investors await the Federal Reserve’s September 16 decision.
• The decline follows JPMorgan’s September 14 downgrade to Underweight and price-target cut from $13 to $11, citing concerns about Marathon’s capital-light AI strategy. That company-specific pressure likely compounds today’s crypto and macro-driven weakness.