Three cryptocurrency stocks worth monitoring in the United States today
US crypto stocks are gaining traction, propelled by Bitcoin surging past the $94,000 mark. High-flyers Riot Platforms (RIOT), Core Scientific (CORZ), and MicroStrategy (MSTR) have witnessed strong gains recently.
Although each company faces its technical hurdles and broader market challenges, their recent price action suggests a growing bullish sentiment. With earnings reports on the horizon and Bitcoin hitting new highs, these three stocks should be under the microscope today.
Riot Platforms (RIOT)
Riot Platforms, a leading US Bitcoin mining company, had the best performance among crypto stocks yesterday, gaining 5.34%. However, it's currently down 1.20% in pre-market trading, indicating some investor caution. The recent bullish action is noteworthy but occurs within a broader downtrend, as RIOT remains 26.5% lower year-to-date in 2025.
RIOT has shown some technical strength lately, climbing 14.5% over the past five days and breaking through resistance at $7.25. Nevertheless, the EMA lines remain bearish, with short-term averages trailing below long-term ones, hinting that the broader trend hasn't reversed yet. The RSI at 58.57 does not indicate overbought conditions but suggests RIOT is moving into more bullish territory. However, the Average Directional Index (ADX) is 17.94, suggesting weak overall trend strength, hinting at a possible fragile technical position.
Core Scientific (CORZ)
Core Scientific (CORZ) ended yesterday at 2.89% and is the only major US crypto stock currently trading in the green during the pre-market session, at 0.98%. This growth is a positive short-term indicator, but the stock remains down a significant 49% year-to-date in 2025.
Core Scientific is one of the largest Bitcoin miners in North America, operating data centers that offer both self-mining and hosting services. On the technical side, CORZ has recently broken above a key resistance level at $6.79, with the next target set at $7.99.
However, like RIOT, its EMA lines are still bearish, with shorter-term averages below long-term ones, signaling that the overall trend hasn't yet flipped positive. The RSI at 51.14 indicates neutral momentum, while the ADX at 13.80 points to weak trend strength. This suggests that although CORZ has experienced a breakout in the short term, it may struggle to sustain upward momentum without stronger buying volume or a fundamental catalyst.
MicroStrategy (MSTR)
MicroStrategy (MSTR) is the best-performing US crypto stock in 2025 so far, with a remarkable 19.3% gain year-to-date. Under the leadership of executive chairman Michael Saylor, this company is known for its aggressive Bitcoin acquisition strategy, effectively transforming it into a hybrid software firm and a BTC holding vehicle. MSTR's Q1 2025 earnings report is scheduled for May 1.
Technically, MSTR is consolidating between a support level at $343 and a resistance level at $356. A break above that resistance could pave the way for a move toward $383, another potential psychological and technical target.
The RSI at 66.39 signals strong bullish momentum but not overheating. The ADX at 25.79 confirms the presence of a solid uptrend. With the upcoming earnings release and positive setup, MSTR appears primed for another breakout.
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Please note that this analysis serves for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
- US crypto stocks, including Riot Platforms (RIOT), Core Scientific (CORZ), and MicroStrategy (MSTR), are currently experiencing a surge in popularity, driven by Bitcoin surpassing $94,000.
- RIOT, a leading US Bitcoin mining company, witnessed a strong 5.34% growth yesterday, but is currently down 1.20% in pre-market trading, showing a cautious investor sentiment.
- Despite the recent bullish action and 14.5% climb over the past five days, RIOT's EMA lines remain bearish, indicating that the broader trend hasn't reversed yet.
- Core Scientific (CORZ), the largest Bitcoin miner in North America, currently trades in the green during the pre-market session with a 0.98% gain, but remains down 49% year-to-date in 2025.
- MicroStrategy (MSTR) is the best-performing US crypto stock in 2025, with a 19.3% gain year-to-date, under the leadership of executive chairman Michael Saylor.
- MSTR is currently consolidating between a support level at $343 and a resistance level at $356, with a potential break above leading to a move toward $383.
- Investors could consider opening a "Uphold" account to access newer tokens, seamless trading, and support for crypto, stocks, and precious metals all in one place.
- It is essential to conduct thorough research and consult with a professional before making any investment decisions, as this analysis serves for informational purposes only.
