Crypto Stocks Post Weekly Losses – MSTR, MARA, RIOT Drop as Bitcoin Fails at $95K
- Riot Platforms (RIOT): Riot declined 4.85%, closing at $10.99. The stock is now hovering just above its 52-week SMA of $10.62, indicating possible weakness. A break below $10.00 could invite further selling.
Fundamental Drivers Behind the Declines
The broader pullback in crypto stocks reflects concerns over Bitcoin’s inability to sustain higher prices into year-end, alongside slowing trading volumes across major exchanges. Investors appear reluctant to chase prices higher without a clear catalyst to drive Bitcoin beyond the $100,000 barrier.
Additionally, MicroStrategy’s latest Bitcoin purchase highlights continued bullish accumulation by institutional players, but near-term headwinds persist. Crypto…
