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Cryptocurrency News Articles
Coinbase (COIN), MARA Holdings (MARA), and Galaxy Digital (GLXY) are three crypto US stocks making notable moves today.
May 23, 2025 at 09:45 pm
COIN is up 43% over the past month but down pre-market after a high-profile data breach and broader market pressure. MARA is holding above key support despite a steep Q1 loss
Coinbase (COIN)
Coinbase (COIN) rose 5% yesterday and is now up 43% over the past 30 days, showcasing strong investor resilience despite recent setbacks from a high-profile data breach and broader market pressure.
The incident, which involved rogue support agents leaking sensitive user information—including government IDs and home addresses—initially sparked serious concerns about platform security, especially with the firm refusing to pay a $20 million ransom but offering a $20 million bounty to identify the culprits.
However, Coinbase’s decisive action and firm stance on the matter may have reassured investors, helping the stock maintain its uptrend despite user concerns over phishing and impersonation risks.
Nevertheless, COIN faces mixed analyst sentiment and short-term technical pressure. The average one-year price target from 26 analysts is slightly below the current price at $265.23—down 2.47%—with the majority split between “Strong Buy” and “Hold” recommendations.
In pre-market trading, COIN is down 3.8%, closely following Bitcoin’s drop after Donald Trump announced a potential 50% tariff on the EU, triggering broader risk-off sentiment.
With COIN closely following key support levels at $270.45 and $257, a breakdown could open room for a drop toward $240.
Conversely, if it manages to maintain support above these levels and regains momentum, a move toward $285.55 remains possible in the short term.
MARA Holdings (MARA)
MARA Holdings has shown relative strength over the past month, rising 11.3% and holding firmly above the $15 level since May 9. Although it closed down 1.2% yesterday and is trading 3.9% lower in the pre-market—dragged down by Bitcoin’s correction from its all-time high—the broader trend remains constructive.
The company reported Q1 2025 revenue of $213.9 million, up from $165.2 million a year earlier, driven by a 77% increase in the average Bitcoin price.
Despite a net loss of $533.4 million due to reduced production post-halving and sharp price volatility at the quarter’s end, MARA managed to boost its Bitcoin holdings to 47,531 BTC—a 174% year-over-year increase.
Analyst sentiment on MARA is cautiously bullish: seven of 17 analysts rate it a “Strong Buy,” while nine recommend holding, and only one suggests a “Strong Sell.”
The average 12-month price target is $20.27, indicating nearly 29.5% upside from current levels. Technically, MARA maintains a bullish EMA setup, although the narrowing gap between the lines signals waning momentum.
If the trend weakens further, MARA could test support at $15.67 and $15.25; a breakdown below these levels could lead to a drop toward $14.47.
Galaxy Digital (GLXY)
Galaxy Digital (GLXY) is coming into focus following its highly anticipated Nasdaq debut, which saw the stock close up 9% yesterday, outperforming all other crypto-related U.S. stocks.
While it’s down nearly 5.1% in pre-market trading today, the listing on May 16 at an opening price of $23.50 marked a major milestone for the firm as it continues to face regulatory friction that has complicated the company’s U.S. ambitions.
Despite posting a Q1 net loss of $295 million, the debut has sparked renewed interest in GLXY’s broader role within crypto markets.
Investor sentiment remains mixed, but Galaxy is pressing ahead with promising initiatives—including a potential partnership with the SEC to tokenize its shares for use in decentralized finance (DeFi) ecosystems.
Technically, GLXY has gained 4% since its debut and is now approaching critical levels. If the current downside pressure holds, the stock risks dropping below $23.61, which could open the way for a slide toward $21.20.
On the upside, if bulls can regain control and push through the recent resistance around $24.21, GLXY could retest resistance at $25 and target a move toward $26.59 in the near term.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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