🔴 Riot Platforms is trading 10.32% down today as hotter CPI fuels rate-hike concerns

Riot Platforms is trading at $14.95, down 10.32%, as hotter-than-expected September inflation raised rate-hike concerns.

• Headline CPI reached 3.7% year over year versus 3.6% expected; core CPI was 2.6% versus 2.5% expected.
• Reuters reported the surprise weighed on U.S. stock futures; Bitcoin and other major cryptocurrencies are also lower.
• No confirmed company-specific announcement explains the October 14 move; available evidence points mainly to macroeconomic and market sentiment.