Top Three Crypto Stocks to Watch Ahead of US CPI This Week

Key Insights:

• The crypto stocks are in the investors’ radar as the market awaits the US CPI inflation data.
• BitMine (BMNR) stock has witnessed some recovery from its last week’s losses.
• Ark Invest has made huge bets on Robinhood (HOOD) stock, showcasing their long-term confidence into the asset.

The crypto market has continued to go through a consolidation phase over the past few weeks, suggesting a waning risk-bet appetite of traders. Notably, the crypto stocks were also no exception, which have also recorded a massive selling pressure amid the declining interest in the digital assets.

This week, BTC price has continued to trade below the brief $90,000 support, while ETH price consolidates near the $3,150. This has also fueled concerns among traders over the potential future movements of the crypto stocks.

Meanwhile, last week’s selloff comes despite the US Federal Reserve announcing a 25 bps rate cut at their latest gathering. However, it seems that the hints of only one 25 bps rate cut in 2026 have spooked traders, while dampening the risk-bet appetite of market participants.

Now, all eyes are on the key economic releases scheduled for this week. For context, the delayed US employment report and US retail report are scheduled for Thursday, December 16. This set of data is likely to shed light on the current labor market and economic health of the US.

In addition, the US CPI inflation data is scheduled for December 18. This is a key inflation gauge that the US Federal Reserve considers while deciding its rate cut plans.

Having said that, the US CPI would be closely evaluated by the experts for cues on the future stance of the US central bank with its rate cut plans. Amid this, here we explore the top three crypto stocks that may gain notable traction this week.

BitMine (BMNR) Among Top Crypto Stocks to Watch This Week

The leading Ethereum Treasury firm, BitMine Immersion (BMNR), has recently made headlines with its continuing bets on ETH price. At the pre-market trading hours today, the BMNR stock has recovered some of its recent losses and added around 1% to trade at $35.24 at the time of writing.

This follows a close at $34.86 on December 12, when the BitMine stock recorded a slump of over 9% from its prior close. On the monthly chart, the crypto stock has lost more than 14%, suggesting the massive selling pressure on the asset.

However, despite the waning interest of the investors, the firm keeps betting on Ethereum. On December 14, the company acquired 23,637 ETH, valued at $73.28 million, which caught the eyes of traders.

Coinbase (COIN) Crypto Stock in Focus

The Coinbase (COIN) stock has traded near the flatline today at $268.3, indicating that the investors are still staying on the sidelines. The crypto stock closed at $267.46 on December 12, witnessing a retreat of 0.6% from its prior close.

Meanwhile, the leading crypto exchange is also in focus as Bloomberg recently reported that the firm is planning to roll out prediction markets and tokenized stocks later this month. Considering these factors and the soaring appeal of the prediction markets, the investors are keeping a close track of the crypto stock.

However, despite these developments, a renowned analyst has recently trimmed the Coinbase (COIN) price target, which has fueled concerns. For context, Barclays has cut its price target for Coinbase from $357 to $291.

Ark Invest Bets on Robinhood (HOOD) Stock

The Robinhood is also among the top crypto stocks to watch amid the US CPI anticipation. For context, HOOD stock was down nearly 0.4% today and traded at $135.24, after closing at 3% down in the prior session $119.50.

Despite the broader market being red, the crypto stock has added over 4% in the monthly chart. Over the past six months, the HOOD stock has added nearly 85%, which has bolstered investors’ confidence.

In addition, Cathie Wood’s Ark Invest has also continued to bet on the Robinhood stock. On December 12, Cathie Wood’s firm added 84,604 shares of Robinhood, showcasing its long-term confidence in the asset.

Considering all these aspects, it seems that the investors are still staying on the sidelines before putting their bets. However, the recent developments of the firms made them among the top crypto stocks to watch as the crypto market awaits the US CPI inflation data later this week.

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