Marathon Digital Stock Forecast: MARA dives 15% on Friday as Bitcoin loses 8%

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• Marathon Digital Holdings plunged more than 15% on Friday.
• The peformance of MARA was in response to the crashing Bitcoin price, which lost about 8%.
• Heavy selling due to redemptions at the Grayscale Bitcoin Trust are to blame. 
• MARA stock fell below an important support level and might continue trending lower toward support in the $14s.

Marathon Digital Holdings (MARA) stock offered up its second-straight day of double-digit losses after this week’s approval of spot Bitcoin ETFs launched a wave of institutional selling of the crypto market’s top asset.