U.S. Stocks to Watch This Week As Trump Endorses Crypto and Bitcoin

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
Read full bio
coingape google news
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
U.S. Stocks to Watch This Week As Trump Endorses Crypto and Bitcoin
Sponsored This page may contain affiliate links. If you sign up through these links, we may earn a commission at no additional cost to you. This does not influence our editorial reviews or rankings.

Highlights

  • Trump endorsed crypto, boosting attention toward Bitcoin-linked stocks this week.
  • U.S. Stocks MSTR, COIN, and HOOD gained crypto-driven investor focus.
  • Bitcoin price $64k breakout lifted wider crypto market sentiment sharply.

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

The total crypto market rose 1.38% to $2.2 trillion in 24 hours. Bitcoin price surged higher to over $64,000, with Ethereum trading over $1,800. Dogecoin price soared near $0.08, with XRP, SOL, and ADA seeing a slight recovery

Trump Endorses Crypto and Bitcoin, Saying He Is a Big Crypto Guy

Trump made the remarks on July 6 while answering questions from the media. He was asked whether Bitcoin could be added to Trump Accounts, a savings program for children. 

Trump replied, “I’ve become a big crypto guy…I’m a fan.” His remarks assisted in overturning previous pressure on Bitcoin and turning it sharply upwards in the session.

The recovery brought crypto-related stocks back into the spotlight. Strategy is still pegged to Bitcoin mood, and Coinbase could benefit as more people trade. Robinhood also stands to benefit if retail crypto demand improves this week.

Strategy (MSTR)

Strategy (MSTR) traded at $100.77 at Monday’s close. The US stocks to watch bounced back after an intra-day decline to around the $95 mark, with buyers defending the lower price. 

Strategy also traded 3588 Bitcoin worth around $216 million, raising cash amid new market volatility. The sale came as Bitcoin sentiment strengthened short-term following Trump renewing his crypto support. Investors however were still under pressure of preferred-stock commitments and losses in digital assets. 

U.S. Stocks to Watch This Week As Trump Endorses Crypto and Bitcoin
MSTR stock

In terms of technicality, MSTR should have more than $100 to maintain momentum. A break above $102 could target $105, while weakness below $100 may expose $97.50 and $95 again.

Coinbase Global, Inc. (COIN)

Coinbase Global, Inc. (COIN) ended at 168.87, gaining 2.05% as Us stocks equities attracted renewed interest. Hours later, the COIN stock was up by a little to 169.27 with a gain of 0.24% as buyers kept the stock close to the session highs. 

The intraday COIN stock depicted initial weakness, as it fell to the $160 support zone, but then it recovered with a bang. 

U.S. Stocks to Watch This Week As Trump Endorses Crypto and Bitcoin
COIN stock

The momentum later improved in the afternoon, driving the price above the $167.50 and close to the $170 resistance zone. An obvious stop above $170 would open up to $172.50 and 175 this week. However, failure to hold $167.50 may expose $165.48, followed by $162.50 support. 

Robinhood Markets (HOOD)

Robinhood Markets (HOOD) closed at $117.55 on July 6, gaining 4.28% during regular trading. The US stock is resistant to around $117.49, where the buyers could not resist the late-session strength. Any recovery of that level would open a move to $120 in the ensuing sessions. 

U.S. Stocks to Watch This Week As Trump Endorses Crypto and Bitcoin
HOOD stock

Meanwhile, $112.73 remains the first support area after the pullback. If selling continues below $109.82, HOOD could retest the $105 zone. Traders may watch the Us stock sentiment after Trump’s fresh pro-Bitcoin comments boosted market attention this week.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. Why are MSTR, COIN and HOOD in focus this week?

MSTR, COIN and HOOD are in focus after Trump’s pro-crypto remarks lifted digital asset sentiment.

2. What did Trump say about crypto and Bitcoin?

Trump said, “I’ve become a big crypto guy…I’m a fan,” when asked about Bitcoin.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

BTC

Bitcoin

$58,501.7201 0.19% (24h)

24 Hours volume

$28.88B

Market Cap

$1.17T

Max Supply

21M

Buy $BTC with Binance
About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.