New York, Jan 25, 2026, 06:26 EST — Market closed
- MARA wrapped up Friday with a roughly 2.1% gain, despite bitcoin slipping over the weekend
- Bitcoin ETF flows alongside risk appetite are shaping the tone ahead of Monday’s U.S. open
- The Fed’s rate decision on Jan. 28 poses significant risk for crypto-linked stocks
MARA Holdings (MARA.O) closed Friday’s session at $10.50, gaining roughly 2.1% from the day before, with intraday prices ranging from $10.00 to $10.98. Meanwhile, Bitcoin slipped about 1.1% to $88,508 early Sunday in New York.
The U.S. stock market is closed for the weekend, but crypto keeps moving. When trading resumes Monday, Jan. 26, mining stocks such as MARA often react to bitcoin’s moves made while Wall Street was offline.
Traders are fixated on ETF flows. Spot bitcoin ETFs—those listed products that mirror the token’s price—registered a net outflow near $101.6 million on Friday, per Farside Investors’ daily data. (Farside)
Peers shifted as well, though not always in step with the coin. Riot Platforms climbed roughly 1.3% Friday, CleanSpark jumped close to 4%, and Hut 8 surged about 5.6%, highlighting how fast sentiment can shift within the group.
MARA calls itself a “digital asset compute” company focused on securing a blockchain ledger and converting clean or underutilized energy into economic value. In reality, it acts as a highly volatile proxy for bitcoin. The firm runs specialized computers to validate transactions and collects bitcoin rewards, meaning fluctuations in the cryptocurrency quickly impact the stock. (Reuters)
The bigger picture remains complicated. A U.S. business activity survey out Friday indicated growth stayed steady in January, yet “increased costs, widely blamed on tariffs, are again cited as a key driver of higher prices,” noted Chris Williamson, chief business economist at S&P Global Market Intelligence. (Reuters)
That’s crucial for bitcoin and miners since rate expectations continue to shape risk trades. If investors start to see inflation as persistent, they might retreat from the market segments that experience the biggest swings.
The trade runs both ways. Should bitcoin fall further, miners could suffer losses even steeper than the coin’s drop — and ETF outflows would only intensify the selling pressure.
Right now, the immediate focus lies on three key indicators: bitcoin’s weekend price hovering in the high $80,000s, daily ETF flow data, and the degree of risk appetite seen at the opening bell.
Wednesday stands out on the calendar. The Federal Reserve wraps up its Jan. 27–28 meeting with a policy statement at 2:00 p.m. ET on Jan. 28, then Chair Jerome Powell takes the podium for a press conference at 2:30 p.m., per the Fed’s schedule. (Federal Reserve)
