Top Crypto Stocks to Watch as BTC Uncertainty Looms

The investors are keeping close track of the crypto stocks, especially as the digital assets face massive selling pressure over the past few weeks.

The latest data showed that the stocks are showing mixed performance, with some reversing courses in the pre-market session.

However, as the crypto market volatility persists, analysts have turned cautious on the potential future movements of the assets. In addition, the earnings season might also help decide the fate of the shares of the top crypto firms in the near future.

So, here we take a quick look at the top three crypto stocks and see what may lie ahead for them amid the ongoing market volatility.

MSTR Stock: Analyst Hints at Incoming Crash for This Crypto Stock

The MicroStrategy stock (now Strategy) has made a strong comeback in the pre-market session today. During writing, the MSTR stock was up around 2.6% to $253.30, after losing nearly 7% and ending the prior session at $246.99.

The crypto stock has moved between the 52-week high and low of $543 and $231.51, respectively. According to the latest data, its average share volume was around 11,590,965.

Notably, the company has recently reported its Q3 earnings results, which showed an operating income of $3.9 billion for the quarter.

Its net income came in at $2.8 billion, while for FY2025, the firm expects its net income to come in at $24 billion.

However, despite the positive momentum, a renowned analyst has hinted at a potential crash in MSTR stock, citing historical movements.

In a recent X post, expert Ali Martinez said that MicroStrategy stock “continues to mirror its previous fractal,” and “if it plays out,” the crypto stock could crash to $100.

This prediction, amid the ongoing volatile scenario recorded in the broader crypto market, has weighed on the sentiment. However, as BTC price recovered from a dip to below $99k, the MSTR stock also stayed in the green today.

CRCL Stock Slips Amid Crypto Market Volatility

The USDC-issuer, Circle (CRCL), is also among the top crypto stocks to watch now, as the global stablecoin demand rose significantly.

However, the CRCL stock has failed to generate much interest today, despite the comeback in MSTR stock price.

During writing, the CRCL stock was down around 1.6% in the pre-market session. On Tuesday, the crypto stock closed at $111.25, witnessing a slump of 5.6% from its previous close.

As said earlier, the gloomy momentum could be attributed to the volatile scenario in the broader crypto market. Besides, the latest stablecoin woes might also have weighed on the sentiment.

This indicates that the traders have turned cautious and are awaiting a major catalyst to lift the market sentiment.

HOOD Crypto Stock in Focus Ahead of Earnings

The Robinhood (HOOD) stock has also followed the MSTR stock and added nearly 1.6% in the pre-market session today. The stock traded at $139.22 during writing, after closing at $136.8 in the prior session, down nearly 7%.

Notably, the recovery comes as the leading crypto trading platform is all set to announce its Q3, FY25 earnings results after the Wall Street closing bell today.

A robust financial result might help drive the prices further up, potentially help in a recovery. In addition, if the broader crypto market recovers, it could further boost the appeal of the crypto stocks among traders.