3 US Crypto Stocks to Watch Today

Crypto US stocks are focused today as MARA, COIN, and RIOT show sharp price action and key strategic shifts. Despite a steep quarterly loss, MARA jumped after posting strong revenue growth and expanding its Bitcoin holdings.

COIN is up in the pre-market after closing last Friday down almost 3.5%. RIOT is gaining momentum following its decision to sell mined BTC and exit hosting operations.

MARA Holdings (MARA)

MARA Holdings reported $213.9 million in revenue for Q1 2025, a significant increase from $165.2 million in the same quarter last year, largely driven by a 77% surge in Bitcoin’s average price.

While the company mined 525 fewer BTC due to the halving, it managed to grow block wins by 81% and boost its BTC holdings to 47,531—valued at approximately $3.9 billion.

Despite these gains, MARA posted a net loss of $533.4 million, reflecting a 258% decline in income, primarily caused by a steep drop in Bitcoin prices near the end of the quarter.

MARA Price Analysis. Source: TradingView.

MARA is now pivoting toward becoming a vertically integrated digital energy and infrastructure firm, with investments in low-cost renewable power, including a 114 MW wind farm in Texas.

The stock has responded positively, jumping 10.29% last Friday and climbing another 4.94% in pre-market trading, making it one of the top-performing crypto US stocks recently. MARA has rallied 28% over the past month, breaking resistance at $14.68 and now targeting $16.24.

If it clears that and follows through to break $17.72, the next potential target is $21.18, supported by signs of emerging golden crosses on its EMA lines. However, a breakdown below $14.68 could trigger a pullback toward $12.06.

Coinbase (COIN)

Coinbase’s Q1 2025 earnings came in well below expectations. Revenue missed forecasts by nearly $200 million, and earnings per share dropped sharply to $0.24 versus the anticipated $2.09. Transaction revenue fell short by $70 million, and subscription and service revenue disappointed.

However, trading volume slightly exceeded estimates, and USDC balances in Coinbase products surged 49% quarter-over-quarter to $12.3 billion.

The company emphasized long-term optimism through recent strategic moves, including acquiring Deribit, regulatory progress in India and Argentina, and dismissing its SEC case. It also rolled out 24/7 Bitcoin and Ethereum futures trading.

COIN Price Analysis. Source: TradingView.

Despite the weak financials, COIN stock rose 5.06% on the earnings release day, suggesting investors are focusing more on Coinbase’s strategic developments than on its short-term numbers.

The stock is up another 5.08% in pre-market trading after closing last Friday down 3.48%. Technically, COIN failed to hold above the $206.9 resistance and is now eyeing support at $194. If that support breaks, downside targets include $183.9 and $176.84.

However, if bullish momentum continues, a break above $206.9 could open the path to $214.77 and potentially $226.56. The current RSI at 51.12 reflects a neutral trend, leaving room for movement in either direction.

Riot Platforms (RIOT)

RIOT closed last Friday with a modest gain of 0.47%, but surged 5.53% in pre-market trading, pushing its 30-day performance to nearly 15%. While recent momentum is encouraging, the company’s latest update reflects a strategic shift.

Known for its long-standing approach of hodling mined Bitcoin, Riot Platforms revealed it sold its entire April production—463 BTC—to fund operations and support ongoing growth.

CEO Jason Les explained that the move was part of a broader evaluation of funding options.

RIOT Price Analysis. Source: TradingView.

In addition to liquidating mined BTC, Riot announced the end of its mining hosting operations, which had previously provided an additional revenue stream.

This indicates a short-term reorientation of strategy as the company navigates revenue pressures, particularly following two successive Bitcoin network difficulty increases that disrupted mining output. Technically, RIOT is approaching a potential golden cross on its EMA lines, which could set up a test of resistance at $8.82.

If bullish momentum continues, that level could be broken. However, downside risk remains: a loss of support at $8.08 could drag RIOT to $7.68, $7.25, or even $6.96 if bearish pressure builds.

Galaxy to List on Nasdaq on May 16

Galaxy plans to list on the Nasdaq on May 16, 2025. The company says this move will help expand its investor base and improve access to U.S. markets.

Galaxy will remain listed on the Toronto Stock Exchange (TSX) for now. Shares trading over-the-counter as BRPHF will be converted into GLXY shares on Nasdaq.

Shareholders of record as of April 7 can vote on the reorganization. Galaxy has filed all related documents with the SEC and Canadian regulators. The company also offers support for investors with questions through TMX Investor Solutions.