New York, Feb 12, 2026, 07:30 ET — Premarket
- MARA shares fell about 1% in premarket trading after Wednesday’s close
- Bitcoin held near $68,000 as traders braced for U.S. inflation data
- Crypto-linked names stayed under pressure after BlockFills froze withdrawals
MARA Holdings shares slipped 1.1% to $7.56 in premarket trading on Thursday, tracking uneven moves in bitcoin and broader crypto-related stocks.
The pullback matters now because traders are bracing for Friday’s U.S. consumer price index report, a key input for rate-cut expectations that has whipsawed risk assets in recent weeks. The crypto market is also dealing with fresh stress signals from within the industry.
Bitcoin was up about 1% near $68,000, after sharp swings this month that have put miners and trading platforms back in focus.
Peers were lower in early trading. Riot Platforms dipped slightly, while CleanSpark, TeraWulf and Cipher Mining fell between about 3% and 5%. Coinbase slid more than 5%.
Crypto-linked equities often act like a levered bet on bitcoin. When bitcoin falls, miners can drop faster because their revenue and the value of any coins held on balance sheets tend to move with the token, while power and equipment costs do not.
A separate worry is funding risk inside crypto markets. BlockFills, a Chicago-based crypto liquidity provider and lender, said on Wednesday it had halted client deposits and withdrawals last week while it worked to restore platform liquidity. (Reuters)
Analysts have also pointed to thinner liquidity and twitchy positioning after the recent selloff. “Bitcoin balances on exchanges have declined since peaking on February 5,” Dessislava Ianeva, an analyst at Nexo Dispatch, wrote, suggesting some easing in immediate selling pressure. (Investing)
Even so, the setup cuts both ways. A hotter-than-expected inflation print could push bond yields higher and weigh on bitcoin and the stocks most sensitive to it, while further withdrawals freezes or forced selling in crypto markets could hit miners hardest.
Friday’s U.S. CPI report for January is due at 8:30 a.m. ET, according to the Labor Department’s schedule, and is the next clear catalyst traders are watching. (Bls)
