Bitcoin has been a lucrative asset for early investors, but its volatility has increased since 2021, leading many to turn to bitcoin mining. However, mining is becoming unprofitable due to rising competition and the need for constant capital investment and energy consumption. Riot Platforms, a bitcoin miner, has struggled to make profits and faces challenges from global competitors. Its shares have performed poorly and are predicted to continue falling, making them a candidate for short-selling at the current price of $7.20 with a stop loss at $12.
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Why Lowe's, Kohl's, and Stanley Black & Decker Stocks All Popped This Morning
On Monday, investors reacted positively after President Donald Trump announced a temporary deal with China to roll back some tariffs, implementing a 90-day pause on tariffs imposed post-April 2. This agreement will lower the tariff rate on Chinese imports to 30% and U.S. exports to 10%. Major U.S. companies benefiting from this deal saw significant stock increases, with Lowe's up 4.6%, Stanley Black & Decker up 14.6%, and Kohl's up 12.4% as of 9:45 a.m....
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