3 Crypto Stocks in Focus Ahead of July 8 Fed Minutes

The Federal Reserve will release the minutes for the June Federal Open Market Committee (FOMC) meeting on July 8, and three crypto stocks: Coinbase (NASDAQ: COIN), Strategy (NASDAQ: MSTR), and Robinhood (NASDAQ: HOOD) could see some volatile moves.

The FOMC minutes will shed more light on whether the Fed Chair Kevin Warsh will hike rates this year to tame the rising rate of inflation after it reached 4.2% in May 2026.

Data from the CME FedWatch Tool shows that 54% of investors expect the Fed will increase rates by 25 basis points in September after Warsh vowed to take measures to ensure inflation drops to the Fed’s target of 2%.

When these interest rates rise, investors ditch risk assets like crypto stocks and turn towards treasuries that will pay them a higher return when the rates are high.

The minutes that come out on July 8 will give more insights into what the Fed members think about inflation and interest rates, and investors could react in two ways: sell stocks if the minutes are hawkish or buy if they are dovish.

COIN Stock Price Defends Key Support as Crypto Stocks Rebound

COIN stock price has gained by 18% in five trading days, with these gains coming amid a recovery in crypto stocks after Fed’s Warsh declined to comment on interest rates during an ECB forum on July 1.

Coinbase shares are now trading above the support of $148. If buying pressure remains high, this crypto stock could move to the resistance at $176.

The volume bars that are green also show that there were 47 million shares traded between June 29 and July 1, with most of these volumes coming from buyers.

The OBV line that is rising also suggests that there are more people buying COIN shares than selling.

If the buying pressure remains high even after the Fed minutes come out on July 8, COIN stock price could even gain to the May 2026 high of $222.

MSTR Stock Price Eyes More Gains as STRC Nears Par Value

MSTR was among the biggest gainers among crypto stocks in the week between June 29 and July 2 after moving from $82 to $100.

The gains occurred after Strategy said that it plans to sell $1.25 billion worth of Bitcoin to increase its USD reserves and buy back MSTR and STRC stocks.

This announcement sparked bullish bets around the STRC stock after it crashed to $71 on June 26. This STRC stock has since gained by 22% to close trading at $87 on July 2.

The MSTR crypto stock needs to move above the 20-day EMA level of $109 to confirm that bulls have a good grip. That move could draw more buyers, and the stock could move to the June 15 high of $136.

But the RSI reading of 40 suggests that bears still have a good grip. However, zooming in on this RSI reading shows that it has moved from 24 on June 25 to 40 on July 2, suggesting that sellers are becoming exhausted.

HOOD Stock Price Hits 6-Month High After Robinhood’s EU Move

HOOD stock outperformed other crypto stocks on July 2, after the price increased by 3.76% to close trading at $112. During the day, this stock had reached its highest level since January 2026 of $120.

Robinhood shares gained because of two factors: Robinhood launching crypto trading in the UK and Robinhood launching perpetual futures trading in the EU.

HOOD stock price has moved above the 200-day SMA of $107, suggesting that bulls have a good grip.

The RSI reading of 67 also supports a bullish HOOD price forecast. If buying pressure remains high, these shares could move to the December 2025 high of $139.

But if the price of this crypto stock drops below the 200-day SMA of $107 after the July 8 Fed minutes come out, sellers could return and pull the price down to the psychological support of $100.