COIN, MSTR, Crypto Stocks Rebound: BTC Price to Hit New ATH Soon?

Key Insights:

• Crypto stocks such as Coinbase (COIN), Strategy (MSTR), and Robinhood Markets (HOOD) recovered on Tuesday.
• Bitcoin mining stocks, including MARA Holdings, Riot Platforms, CleanSpark, and others, also saw a steady rebound in prices as Bitcoin (BTC) price inches towards the $110K mark.
• Experts such as QCP Capital and Willy Woo warn about range-bound and downside in BTC price if demand remains low.

Crypto stocks recorded a moderate recovery on Tuesday, with Coinbase (COIN), Strategy (MSTR), and Robinhood Markets (HOOD) recording a nearly 2% rebound. The recovery came in response to a moderate rebound in Bitcoin (BTC) price towards $110K from $108K.

Crypto traders remain cautious about further upside in BTC price this week, mainly due to PCE inflation data and the monthly crypto options expiry on Friday.

Bitcoin Mining & Crypto Stocks Jump Nearly 2%

Strategy (MSTR) and Coinbase (COIN) stock prices recorded a nearly 3% rebound in premarket trading hours on May 27. Also, other crypto stocks such as Robinhood Markets (HOOD) saw over a 2.50% jump.

Bitcoin mining shares, including MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK), bounced nearly 3% in premarket trading.

The move comes as the Bitcoin price rebounded 2% from $108K ahead of the much-anticipated Las Vegas Bitcoin Conference. The conference is scheduled from May 27-29, featuring speakers from the Trump Administration and the crypto industry.

Traders Bet on Crypto Stocks: Trump’s DJT and GameStop Soar

While crypto stocks saw a much-anticipated upside move, traders are betting on Trump Media & Technology Group (DJT) and GameStop (GME) shares. DJT stock price jumped 7% to $27.52, continuing its recovery from last week.

Earlier Financial Times reported that the Trump family’s media company had planned to raise $3 billion to buy Bitcoin and other cryptocurrencies. However, the company denied plans to raise funds to buy any crypto.

Meanwhile, GME stock price rose nearly 2% to $33.75 in the premarket trading hours. Notably, GameStop shares closed 18.98% higher at $33.03 last week, indicating higher anticipation from investors.

Can Bitcoin Hit New ATH Amid Bitcoin Conference?

The uncertainty in crypto stocks and broader digital assets markets continues to remain high amid the tariff war. While Bitcoin (BTC) price made a new ATH of $111,970 last week, some in the crypto community eye another ATH during the Las Vegas Bitcoin Conference.

However, experts predict higher Bitcoin price volatility and short-term downside risk. As per QCP Capital, institutional demand for spot crypto ETFs helped Bitcoin rally last week. But, the implied volatility held firm, with BTC consolidating between the $107K and $110K range.

“Traders are positioning around headline risk ahead of the Bitcoin Conference in Las Vegas, scheduled for 27 to 29 May. Focus is already building around the event’s speaker line-up, which includes JD Vance, Michael Saylor, Donald Trump Jr., and Eric Trump,” according to QCP.

Last July’s Nashville Bitcoin Conference offers a useful insight when a keynote by Donald Trump resulted in a sharp spike in BTC price. However, it was followed by a swift reversal and a nearly 30% decline in BTC within two days.

While the probability of a similar drawdown appears low, traders remain cautious. Moreover, perpetuals’ open interest has declined, and funding rates have normalized. Also, some high-beta retail traders, including James Wynn, have scaled back exposure. QCP predicts a downside in BTC price in the short term.

“In our view, BTC is likely to remain range-bound in the near term. Once the event passes and key speeches conclude, front-end vols are expected to compress as risk premia fade.”

Selloff Risks Are High Despite Bullishness

Bitcoin analyst Willy Woo said the broader picture for Bitcoin is bullish, and the risk signal is dropping. He predicts BTC price to $114K if buying continues. He also warned about another profit and the bearish divergences on longer-range charts if capital inflows remain weaker.

Moreover, miners have increased their BTC selloff on crypto exchanges after the ATH. Notably, inflows have doubled from an average of 25 BTC to 50 BTC per day, while historical peaks reach around 100 BTC per day.

This indicates a rise in sales despite a long way from peak volumes, with the crypto market absorbing the extra supply comfortably. The odds for opening new Bitcoin shorts near the ATH are higher.

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