MARA Holdings shares fell 8.23% to $6.58 during the October 30 session, extending a decline that has run through the month. The Bitcoin miner's stock traded as low as $6.44, its weakest level since 2023, according to the source material.
The move came alongside a softer Bitcoin price, which was trading near $76,714. The session was still underway at the time of writing, leaving MARA's closing price unsettled.
October erases September's rebound
MARA had approached $14 in September before reversing sharply. By the time of writing, the stock had lost more than half its value from that peak.
A brief attempt to hold the $7 to $7.50 area gave way to another decline on Friday. Shares opened at $6.81 and remained below that level during the session.
The chart's moving averages slope downward above the current price, indicating that MARA is trading well below its recent average levels and that earlier recovery attempts have not reversed the broader decline.
Bitcoin's retreat sets the backdrop
Bitcoin was quoted near $76,714 and had reached $76,500 during the session. Its decline followed a pullback from around $87,000 in September and early October, with the latest selling taking it below the $80,000 to $82,000 area where it had recently traded.
MARA's chart showed a 20-period correlation reading of positive 0.78 against BTCUSDT, a strong positive relationship between the two closing-price series over the selected daily window.
- MARA closed the period at $6.58, down 8.23%.
- The stock's session low of $6.44 was its lowest since 2023.
- Bitcoin traded near $76,714, having touched $76,500 during the session.
- The 20-period correlation between MARA and BTCUSDT stood at 0.78.
The displayed daily percentage changes cover different trading windows, since Bitcoin trades continuously while MARA follows stock-market hours.
What stabilization would look like
Friday's low of $6.44 is the first nearby level to watch. Continued trading below it would extend the decline into new lows, a price area the shares have not visited since March 2023.
A push back above $7 would lift the stock above levels where it has recently traded. Consolidation in the $7 to $7.50 area over the next few days could suggest the latest slide is losing momentum.
For Bitcoin, the nearby reference sits around $76,500, close to its 200-day average. If selling continues, a level to watch is the roughly $75,000 low range seen in previous sessions.
Both charts still show limited recovery from their latest declines, leaving upcoming closing prices important for gauging whether buyers can establish firmer ground.
