3 Crypto Stocks to Watch as U.S. Shutdown Pressures the Dollar

Economic Jitters Turn Eyes Toward Crypto Equities

The recent U.S. government shutdown has sent ripples of uncertainty through traditional financial markets, causing investors to rethink their strategies and seek out alternative assets. As political gridlock puts pressure on the U.S. dollar, a noticeable flow of liquidity is moving into the cryptocurrency sector. This shift is not only boosting digital assets but also shining a spotlight on publicly traded companies with significant exposure to the crypto ecosystem.

Coupled with strong operational updates and ongoing developments, several crypto-related stocks are showing promising signs. Here are three companies that should be on every investor’s radar this week.

HIVE Digital (HIVE): Firing on All Cylinders with Record Production

HIVE Digital shares (NASDAQ: HIVE) are gaining attention after closing the previous week with a 2.29% increase at $4.46. The momentum is largely driven by a stellar September production report and impressive progress at its new data center facility.

In a recent operational update, the Bitcoin mining giant announced it had produced 267 BTC in September. This figure represents a significant achievement for the company, marking:

• An 8% increase from August’s production.
• A staggering 138% year-over-year surge from the 112 BTC mined in September of the previous year.
• The company’s highest monthly Bitcoin output for the current year.

Furthermore, HIVE confirmed that its 100 MW Phase 3 Valenzuela facility is nearing completion ahead of schedule. This strong operational performance, combined with improving market sentiment, positions HIVE as a key crypto stock to watch.

Price Outlook: If buying pressure continues to build, HIVE could challenge the $5.00 resistance level, with a potential rally toward $5.54. Conversely, a market downturn could see the stock find support around the $3.91 mark.

Digi Power X (DGXX): A Strategic Pivot to AI Infrastructure

Digi Power X (DGXX) saw a modest 1% uptick to close at $2.64, reflecting a cautious optimism among investors as they digest the company’s latest strategic advancements. The company is making significant strides in the high-demand field of AI infrastructure.

On October 1, Digi Power X announced that its ARMS 200 (AI-Ready Modular Solution) has officially achieved Tier III certification under the ANSI/TIA-942 standard. This certification is a major milestone, placing the company among an elite group of global providers with certified modular AI data center platforms, signifying high reliability and uptime.

The first certified ARMS 200 pod is set for delivery in November, and the company has strengthened its partnership with Super Micro Computer (Supermicro) to integrate cutting-edge AI systems. Financially, Digi Power X remains robust, holding approximately $29 million in cash, Bitcoin (BTC), and Ethereum (ETH) as of September 30.

Price Outlook: Positive sentiment from these updates could push DGXX toward the $2.95 resistance. However, if selling pressure mounts, the stock might retrace to the $2.55 support level.

Riot Platforms (RIOT): Navigating the Market with Industrial Scale

Riot Platforms (NASDAQ: RIOT), another major player in the Bitcoin mining space, edged up 1% to close at $19.44. The company’s recently released operational update for September provides a mixed but ultimately strong picture of its large-scale operations.

According to the report, Riot produced 445 BTC in September. While this was a 7% decrease from the previous month, it still represents an 8% increase year-over-year. More importantly, the company’s deployed hash rate—a key measure of mining power—remained formidable at 36.5 exahashes per second (EH/s), up 29% from the same period last year.

During the month, Riot sold 465 BTC, generating approximately $52.6 million in net proceeds. This demonstrates its ability to strategically manage its assets to fund operations and expansion.

Price Outlook: If investors focus on the slight monthly dip in production, RIOT’s price could test the $18.84 support level. However, if the market prioritizes the strong year-over-year growth and hash rate dominance, buying activity could drive the stock toward its next major resistance at $23.66.