Riot Platforms Forms Death Cross As Bitcoin Volatility Adds Pressure

Riot Platforms Inc. (NASDAQ:RIOT) just flashed a major warning signal, officially forming a Death Cross as its 50-day simple moving average sank below the 200-day moving average.

While shares jumped 3.93% by early afternoon on Monday, the broader trend remains bearish – down 29.3% year to date and a 35.5% in the past year.

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Read Also: Bitcoin Miners Core Scientific, Riot Platforms, CleanSpark, Iris Energy See Price Targets Slashed: Bernstein

A Bearish …

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