Crypto stocks have come under pressure this year as Bitcoin and other altcoins have remained in a bear market. Top names like Coinbase, Robinhood, and Strategy have all slumped, and this performance may continue unless cryptocurrencies recover. This article looks at some of the top cryptocurrency shares to watch this week.
MSTR Stock in Focus Ahead of Earnings
Michael Saylor’s Strategy stock price will be in the spotlight this week as the company publishes its financial results. These earnings have little impact on the company, as it has already indicated it recorded an unrealized loss of over $14 billion in the first quarter.
In a statement on Sunday, Michael Saylor hinted that the company did not make any Bitcoin purchases last week and that it will resume this week.
It now holds 818,334 coins, currently worth over $64.3 billion, with its average cost being $75,532. The MSTR stock price has jumped 70% from its year-low and has formed an inverted head-and-shoulders pattern.
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PayPal Stock in Focus Ahead of Earnings
PayPal’s share price has jumped from a low of $38.4 in February to the current $51. Its business will be in the spotlight this week as the company publishes its financial results.
Analysts expect the upcoming financial report to show that its business continued to slow down in the first quarter. The average estimate is that its revenue rose 3.38% to $8.05 billion, while earnings per share (EPS) slowed to $1.27.
The main catalyst for the stock will be the new CEO’s statement as he executes a turnaround strategy. As BanklessTimes wrote last week, he is considering changing the company’s reporting approach by separating Venmo. That could be a sign that he intends to spin it off into a separate company or sell it.
Coinbase Stock to Publish its Earnings
Coinbase stock price has crashed from the all-time high of $445 to the current $190. It remains in a bear market and has formed a bearish pennant, pointing to further downside.
The COIN stock will come into the spotlight as it publishes its financial results on Wednesday. Analysts expect the company to make $1.5 billion, down by 26% YoY, as the crypto winter continued to gain steam. Analysts expect its annual revenue to drop by 4.2% to $6.8 billion.
Still, on the positive side, the company has some potential catalysts that may boost its performance. For example, it has launched a prediction marketplace and is positioning itself as the biggest name in agentic commerce.
BitMine’s Ethereum Purchasing and Staking
Tom Lee’s BitMine will be in the spotlight this week as Tom Lee announces last week’s purchases. On-chain data shows that the company bought 100k coins last week.
Data shows that the company bought 346k coins over the last 30 days, bringing its total holdings to over 5.078 million, currently worth over $11.8 billion.
GME Stock in Focus Amid eBay Buying Rumors
Another crypto stock to watch this week is GME, which will be in the spotlight as investors await a potential bid for eBay, a top player in the e-commerce industry.
This would be one of the most leveraged buyouts in the industry, as GameStop has a market capitalization of $12 billion against eBay’s $46 billion. As such, GameStop would need to borrow heavily to make the bid possible.
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