Cryptocurrencies are surging today, with Bitcoin (BTC) up 10% after President Donald Trump announced a strategic U.S. crypto reserve. Below, let’s check in with Coinbase Global Inc (NASDAQ:COIN), MicroStrategy Inc (NASDAQ: MSTR),and Robinhood Markets Inc (NASDAQ:HOOD).
COIN Facing Resistance
COIN is up 1.7% to trade at $219.19 at last check, pacing for its third gain in the last four sessions after hitting its lowest level since November in the previous session. Overhead pressure at the 200-day moving average, which emerged last week, is keeping today’s gains in check. Fresh off its fifth-straight weekly loss, the stock carries a 27.7% three-month deficit.
MSTR Eyes Bounce
MSTR was last seen 3.4% higher to trade at $264.09, but is fresh off its worst weekly performance since Aug. 2. The shares are bouncing off the previous session’s pullback to their lowest level since November, but a ceiling remains at the falling 20-day moving average. Despite its 8.9% year-to-date deficit, the equity also sports a 144.7% year-over-year lead.
HOOD Looks to Extend Gains
HOOD is up 1.1% to trade at $50.64 at last glance, with support at the 60-day trendline containing a pullback from its Feb. 13, three-year high of $66.91. The security added a whopping 202.7% over the past 12 months, and is also eyeing a third daily gain in four.
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