Crypto Stocks Slide Ahead of Earnings from MSTR, CRCL, COIN
Crypto stocks are trading softly ahead of key earnings reports from Strategy (MSTR), Circle (CRCL), and Coinbase (COIN) on Thursday. MSTR shares have been range-bound between $95 and $100, with investors focused on the company's debt-funded Bitcoin buying approach.
Investors may review debt levels, Bitcoin purchases, and future funding plans during the earnings call. Until then, MSTR may remain inside its range as buyers and sellers wait for clearer guidance.
Circle shares are holding near $60 support, while resistance remains close to $73. A break above that level could improve short-term momentum, while a move below $60 may weaken the current range.