Riot Platforms (RIOT) Jumps 16.68% on Broader Market Optimism

We recently published 10 Stocks Defy Chaos With Jaw-Dropping Gains. Riot Platforms Inc. (NASDAQ:RIOT) is one of the top performers of last week.

Shares of Riot Platforms Inc. (NASDAQ:RIOT) grew by 16.68 percent week-on-week after experiencing a mostly volatile session, with investor sentiment buoyed by broader market optimism.

On Friday alone, Riot Platforms Inc. (NASDAQ:RIOT) capped off with a 7.74-percent gain, mirroring the wider rally on Wall Street after the US central bank hinted at interest rate cuts beginning next month.

Riot Platforms (RIOT) Jumps 16.68% on Broader Market Optimism

Additionally, a strong interest in cryptocurrency continued to spill over to Bitcoin mining firms, having earned the full backing of President Donald Trump, who, among other plans, issued a new executive order (EO) earlier this month that aimed to democratize access to alternative assets for the 401(k) retirement savings plan.

Under the EO, fiduciaries can now diversify investments for the 401(k) outside the typical equities and funds, to alternative assets such as digital currencies, commodities, real estate, and infrastructure projects, and lifetime income products.

According to analysts, the new order is expected to lift many boats in the crypto ecosystem.

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