1, 2021, RIOT announced that it had acquired Ferrie Franzmann Industries, LLC (ESS Metron) for roughly $50 million. So, it could be wise to add these stocks to one's watchlist. Indeed, Wall Street analysts are bullish on crypto stocks Riot Blockchain, Inc. While the near-term prospects for digital currencies look uncertain, the executive order could renew investors' attention on crypto stocks. The order has called on Federal agencies to take a unified approach in regulating and overseeing digital assets. Due to the growing popularity and acceptability of cryptocurrencies, President Biden this week signed an executive order to examine the risks and benefits of cryptocurrencies. Popular cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), steered several investors to massive profits. Last year was a breakout year for cryptocurrencies, which experienced significant volatility and delivered strong returns. This, along with the stock market sell-offs, has led to many crypto-related stocks suffering a downtrend. Furthermore, the Russia-Ukraine war has also fostered volatility in cryptocurrencies. The Fed's forthcoming interest rate increases, and multi-year-high inflation are the primary reasons behind this volatility. Let's discuss.Ĭryptocurrencies have been exhibiting significant volatility since the beginning of the year. So, these stocks could be good additions to one's watchlist. Wall Street analysts are bullish on Riot Blockchain (RIOT) and CleanSpark (CLSK).
However, President Biden's executive order this week to examine the risks and scope of cryptocurrencies could renew investors' attention on crypto-related stocks.
Cryptocurrencies have experienced tremendous volatility since the beginning of the year, dragging crypto-related stocks down in price.
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