Crypto Comeback: Bitcoin bounce sees COIN have a RIOT as MSTR plots its next strategy

Bitcoin refused to fall as the risk meltdown took hold last week.
Bitcoin now starts Turnaround Tuesday and rallies sharply.
COIN, MSTR, RIOT and others all rally on Monday.

Ivan Brian FXStreet

Crypto stocks look set for more gains on Tuesday as Bitcoin remains in stubbornly bullish mode. The cryptocurrency was steadfast in its refusal to break lower last week despite a risk-off debacle across most other assets. The divergence in assets may be at play as in previous risk-off meltdowns Bitcoin has been dragged lower. Not this time though. Tuesday had a bullish move from Bitcoin, which is up 5% and above $20,000 this morning. That should add to the bullish sentiment for crypto stocks.

COIN, RIOT, MSTR stock news

Monday saw the beginning of the crypto recovery with COIN stock up. MSTR stock closed at $200.18 for a gain of over 4%, while RIOT and MARA were also higher. Let's not forget others in the space such as BBIG, which also closed higher. There is little to report on an individual level for any of the above stocks. Tuesday could and should see more gains based on the move in Bitcoin. The failure to break below $18,600 meant a test of ultimate lows at $17,590 was unlikely. The next test is the trendline at $21,400 and then $22,800, which is the high from September 13.

Bitcoin chart, daily

MSTR, COIN, RIOT, MARA stock forecast

The outlook is intricately linked to the performance of Bitcoin and risk assets. Currently, on Tuesday we may have dual tailwinds from an equity rally and a Bitcoin rally.

Coinbase stock is attempting a short-term bottoming formation but is failing to put in place any fresh significant highs. This is a sign of a weak rally, and a break of the last high at $84.58 is needed.

COIN stock daily

A similar picture in MSTR: a weak rally so far until $362 is broken.

MSTR chart, daily

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

GBP/USD flirts with weekly highs in the Fed's aftermath

GBP/USD reversed early losses following the Federal Reserve decision to keep rates on hold and neared the 1.3360 level before shedding some ground. Focus shifts to Governor Kevin Warsh's speech, while the Bank of England will announce its monetary policy decision on Thursday.

EUR/USD extends rally pass 1.1450 on Fed's Warsh

EUR/USD trades at fresh weekly highs above 1.1450, following the Federal Reserve monetary policy decision to keep interest rates on hold. The statement showed policymakers remain confident in economic progress while blaming inflation on energy prices. The divided vote among officials put in doubt a September hike, leading to sharp US Dollar losses.

Gold faces rejection near $4,100 amid emergence of USD dip-buying

Gold struggles to build on a modest intraday uptick beyond $4,100 during the Asian session on Thursday as the US Dollar attracts some dip-buyers following the previous day's post-FOMC slide to a one-week low. Escalating US-Iran tensions support oil prices, fueling inflation fears and bolstering bets for at least one Fed rate hike in 2026. This, in turn, underpins the Greenback and acts as a headwind for the non-yielding bullion.

Bitcoin trails US Dollar as Fed holds rate steady

The Federal Reserve (Fed) kept its benchmark interest rate unchanged at 3.50% to 3.75% at its July meeting on Wednesday, in line with market expectations. Minutes from the meeting showed that economic activity has been expanding at a solid pace despite elevated uncertainty. The central bank also noted that job gains have "kept pace with the workforce."

No soft target: Warsh vows to return inflation to 2%

The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase. Chair Kevin Warsh reinforced that message, insisting there was no tolerance for a softer inflation target and warning that the Fed would not hesitate to act.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.