COIN, MSTR, and RIOT: Which crypto stock is best?
Bitcoin (BTC) was last seen trading back above $90,000, after U.S. exchange-traded funds (ETFs) that track its price reported the biggest daily inflows since January, totaling $381.4 million. In response, the shares of Coinbase Global Inc (NASDAQ:COIN), MicroStrategy Inc (NASDAQ:MSTR), Riot Platforms Inc (NASDAQ:RIOT) are surging.
COIN is up 10.2% to trade at $192.78 at last check, chipping away at its 23.7% year-to-date deficit. The equity is distancing itself from an April 7, 52-week low of $142.58, as it bounces off newfound support at the $175 level to test resistance at its 40-day moving average, which emerged in late February.
Last seen up 9.3% to trade at $347.37, MSTR is pacing for its fourth-straight daily gain. Shares already sport a healthy 19.3% lead for 2025, in addition to a substantial 161.1% year-over-year gain. The security earlier hit its highest level since January, with support stemming from its 20-day trendline.
RIOT is 13.2% higher to trade at $7.12 at last glance, bouncing off an April 17, roughly two-year low of $6.19. The security has ben trending lower since January amid resistance from descending 20-day trendline, which could cap today's rally. So far this year, Riot Platforms stock shed 29.6%.