US stocks will be watching this week as Trump endorses cryptocurrencies and Bitcoin


MSTR, COIN, and HOOD are among the US stocks to watch this week as crypto momentum returns. The action came after fresh gains for digital assets amid support for cryptocurrencies and Bitcoin by President Donald Trump.

The total cryptocurrency market rose 1.38% to $2.2 trillion in 24 hours. The price of Bitcoin has risen to over $64,000, with Ethereum trading at over $1,800. The price of Dogecoin has increased Near $0.08, where XRP, SOL, and ADA saw a slight rebound

Trump supports cryptocurrencies and Bitcoin, saying he is a big crypto guy

Trump made the comments on July 6 while answering questions from the media. He was asked if it was possible to add Bitcoin to Trump’s accounts, a savings program for children.

β€œI’ve become a big guy in crypto… I like it,” Trump replied. His comments helped reverse previous pressure on Bitcoin and turn it sharply higher during the session.

It brought recovery Crypto related stocks Back to the spotlight. The strategy is still tied to the Bitcoin sentiment, and Coinbase could benefit from more people trading. Robinhood will also benefit if retail cryptocurrency demand improves this week.

Strategy (MSTR)

The strategy (MSTR) was trading at $100.77 at Monday’s close. US stocks to watch rebounded again after falling intraday to around $95, with buyers defending the lower price.

The strategy also traded 3,588 bitcoins worth about $216 million, raising funds amid new market volatility. The selling came as Bitcoin sentiment strengthened in the short term after Trump renewed support for cryptocurrencies. However, investors are still under pressure from preferred stock liabilities and losses in digital assets.

US stocks will be watching this week as Trump endorses cryptocurrencies and BitcoinUS stocks will be watching this week as Trump endorses cryptocurrencies and Bitcoin
MSTR stock

Technically, MSTR must have more than $100 to maintain momentum. A break above $102 could target $105, while weakness below $100 could expose $97.50 and $95 again.

Coinbase Global, Inc. (COIN)

Coinbase Global, Inc. has terminated… (COIN) at 168.87, up 2.05% as US stocks attracted renewed interest. Hours later, Currency stocks rose Slightly to 169.27 with a gain of 0.24% as buyers kept the stock close to session highs.

During the day, COIN stock showed initial weakness, falling to the $160 support area, but then recovered strongly.

US stocks will be watching this week as Trump endorses cryptocurrencies and BitcoinUS stocks will be watching this week as Trump endorses cryptocurrencies and Bitcoin
Currency stock

Momentum improved later in the afternoon, pushing the price above the $167.50 level and near the $170 resistance area. A clear stop above $170 would open the $172.50 and $175 levels this week. However, failure to hold the $167.50 level could expose the $165.48 level, followed by support at $162.50.

Robinhood Markets (HOOD)

Robinhood Markets (HOOD) closed at $117.55 on July 6, up 4.28% during regular trading. The US stock is facing resistance at around $117.49, as buyers were unable to resist the strength of the last session. Any recovery to this level would open the door to a move to $120 in the following sessions.

US stocks will be watching this week as Trump endorses cryptocurrencies and BitcoinUS stocks will be watching this week as Trump endorses cryptocurrencies and Bitcoin
hood stock

Meanwhile, the $112.73 area remains the first support area after the pullback. If selling continues below $109.82, HOOD may retest the $105 area. Traders may be watching US stock sentiment after Trump’s new pro-Bitcoin comments boosted market interest this week.





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