- The stock price of Riot Blockchain Inc (NASDAQ: RIOT) increased by over 18% pre-market. This is why it happened.
The stock price of Riot Blockchain Inc (NASDAQ: RIOT) increased by over 18% pre-market. Investors are responding positively to the price of Bitcoin increasing. Riot Blockchain is a company that focuses on cryptocurrency mining operations in North America.
As of 4:45 AM ET today, the prices of bitcoin, ethereum, and dogecoin all increased over 7% over the past 24 hours. Bitcoin hit a new six-week high price of $38,680 as of this morning.
One of the reasons why the price of bitcoin is increasing is due to rumors that Amazon could begin accepting the cryptocurrency at the end of this year.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.