4 Overvalued Crypto Stocks To Watch This Week

Crypto stocks have been under bearish pressure in 2026 because of the dropping Bitcoin and altcoin prices that have attracted sellers. Amid this drop, four crypto stocks: Strategy (NASDAQ: MSTR), Bitmine Immersion (NYSE: BMNR), Marathon Digital (NASDAQ: MARA), and Circle (NYSE: CRCL) are showing signs of being overvalued.

MSTR Stock Remains Overvalued as STRC Trades Below Par

MSTR is one of the top crypto stocks to watch this week after concerns about Strategy shares being overvalued emerged after TD Cowen reduced the target for the stock from $400 to $260.

TD Cowen has cut this target despite Strategy announcing it has restructured its business model so that it will start selling Bitcoin to increase its USD reserves.

The STRC preferred stock that is offered by Strategy is also worth watching because it was down by 0.3% today, June 30, to trade at $82, which is still 18% below the par value of $100, where it is supposed to trade at.

Until the value of STRC moves back to $100, the MSTR stock price remains overvalued.

MSTR stock price is trading above the support of $82. Moving below this support might increase selling pressure that could push the price to $65.

But if the recent restructuring plan that alleviated liquidity concerns around Strategy makes more people buy MSTR, this crypto stock might rise to the psychological resistance at $100.

The RSI reading of 30 also suggests that bears are still in control, which suggests that the MSTR stock might still be overvalued after the recent increase to $82.

BMNR Tests Support Amid Massive Unrealized Loss

The reason why BMNR might be one of the overvalued crypto stocks in the market is because of the unrealized loss of $10 billion on its Ethereum holdings.

CoinGape reported that Bitmine now holds 4.7% of the entire Ethereum supply after buying another 27,084 ETH on June 29.

Investors might draw comparisons between Strategy and Bitmine after the former gave up on its “never sell Bitcoin” philosophy because of dropping crypto prices. If Bitmines does this, the stock could experience volatility.

This crypto stock had also dropped by 3% today, June 30, to trade at $13 at the time of writing. This drop is occurring two days after Bitmine joined the Russell 1000 index, suggesting that the listing did not raise demand.

BMNR stock is currently trading above the support of $13. Moving below this support might pull BMNR stock lower to the psychological support of $10.

But BMNR has bounced from this support level of $13 for three trading days, and if buying pressure increases, it might rise to test the resistance at $15.

The AO bars that are red and growing in length, however, suggest that the momentum is favoring bears, and this crypto stock might drop to $10.

MARA Stock Price Remains Overvalued as BIS Warns About AI

MARA stock has deviated from other crypto stocks since Mara Holdings pivoted towards AI in 2025 after acquiring a 64% stake in Exaion.

The shares traded at $13.61 today, June 30, a 43% jump from the May 31 low of $7.63. Most of these gains come from buyers who are chasing the AI hype following the IPO of SpaceX that occurred on June 12 and the upcoming IPOs of Anthropic and OpenAI.

These buyers might start leaving after the Bank for International Settlements (BIS) warned that firms are investing too much in AI when there is no guarantee of how much return they might make.

The BIS also said that too much spending on AI might trigger a crash on other financial markets if the AI bubble bursts.

MARA stock price has dropped below the support level of $13.60 at the time of writing, and it might move to $12 this week if traders begin to sell because of the BIS warning around AI overspending.

This crypto stock faces an obstacle at the June 22 high of $16 if buyers ignore the bearish outlook towards AI.

The ADX line that is dropping suggests that the momentum is favoring neither bulls nor bears, and this might make MARA stock price consolidate near $13.

CRCL Crypto Stock Crashes 12% as USDC Market Cap Sheds $2B

CRCL is also among the overvalued crypto stocks that are worth watching this week because of the drop in the market cap of its USDC stablecoin from $75 billion on May 30 to $73 billion on June 30.

The stablecoin’s market cap is dropping despite the USDT stablecoin by Tether leaving the EU market because of non-compliance with MiCA guidelines, leaving a significant market share that Circle could fill, considering that it is compliant with MiCA.

Circle’s regulatory win in Europe has also failed to attract buyers because the stock has dropped by 11% today, June 30, to trade at $67.

That 11% drop has pushed the price of this crypto stock to the support level of $66, and if it closes below this level for three straight days, the journey south might reach the February low of $49.

The OBV line that is dropping also suggests that the selling pressure is more than the buying pressure, making the fall to $49 more likely to occur.

This crypto stock might rise to test the barrier at $76 if this selling pressure eases, and if it makes three daily closes above this barrier, it will suggest the momentum has shifted from bearish to bullish.