MSTR, CRCL, MARA Stocks in Focus as Crypto Market Faces Volatility

The cryptocurrency market is bracing for more volatility as top crypto stocks retreat from underwhelming earnings reports. MSTR, CRCL, and MARA are among the top stocks to watch next week.

MSTR stock will be in focus as it publishes its capital structure, which includes its cash-raising activities. The company has been selling Bitcoins worth over $200 million and diluting investors to raise funds. Its preferred shares have dropped sharply below par, and technical analysis suggests a bearish pennant pattern forming.

Circle Internet will publish its earnings, providing insight into the USDC market cap drop from approximately $80 billion to $71 billion. The company's revenue is expected to show modest growth in the second quarter, while its EPS may move from a $4.48 loss per share to a 16-cent profit.

MARA Holdings will also release its earnings, which come at a challenging time for Bitcoin mining companies due to power price increases and decreasing Bitcoin prices. The company has been pivoting to AI data centers, selling Bitcoin assets worth over $1 billion, and recently reached a deal with HIF to buy hundreds of acres of land in Texas.