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Coinbase Debuts on S&P 500 – 3 US Crypto Stock to Watch Today

Coinbase Debuts on S&P 500 – 3 US Crypto Stock to Watch Today

BeInCryptoBeInCrypto2025/05/19 07:00
By:Tiago Amaral

Crypto US stocks are in the spotlight as Coinbase joins the S&P 500, Galaxy Digital lists on Nasdaq, and Strategy deepens its Bitcoin bet.

Crypto US stocks are in focus this week following major developments across three key names: Coinbase (COIN), Galaxy Digital (GLXY), and Strategy Incorporated (MSTR).

Coinbase has officially joined the S&P 500, GLXY debuted on Nasdaq after a lengthy regulatory battle, and Strategy added over 7,000 BTC to its holdings. Despite short-term price pullbacks, all three stocks are positioned near critical technical levels. Investors will be watching closely to see if momentum continues—or if resistance triggers a broader cooldown.

Coinbase (COIN)

Coinbase (COIN) was officially added to the S&P 500 today, marking a major milestone for the crypto exchange. Despite the inclusion, COIN is trading slightly lower at the time of writing, down 0.72%.

Still, the stock has gained 27.66% over the last five days, showing strong short-term momentum and investor optimism leading into the announcement.

The rally comes amid lingering concerns over a recent data breach that impacted less than 1% of users. The breach was tied to rogue overseas contractors leaking sensitive information, including names and partially masked Social Security numbers.

Coinbase Debuts on S&P 500 – 3 US Crypto Stock to Watch Today image 0COIN Price Analysis. Source: TradingView.

Coinbase refused to pay the $20 million ransom the attackers demanded and offered the same amount as a bounty for information.

Technically, COIN faces resistance near $265, with bullish EMA lines still intact.

A breakout above that could push the stock toward $302. On the downside, support levels at $233 and $211.76 may be tested if the current pullback continues.

Galaxy Digital (GLXY)

Galaxy Digital, the crypto firm founded by Mike Novogratz, officially began trading on the Nasdaq last Friday under the ticker GLXY, opening at $23.50 per share.

The listing marks the end of a four-year regulatory battle with the SEC, which Novogratz described as “grueling” and expensive.

Now that it’s public, the firm is positioning itself at the intersection of two high-growth sectors: crypto and AI—areas Novogratz believes will be key to Galaxy’s long-term value.

Coinbase Debuts on S&P 500 – 3 US Crypto Stock to Watch Today image 1GLXY Price Analysis. Source: TradingView.

If momentum continues, GLXY could soon test resistance at $25.25, with a potential breakout toward $30 in the coming days.

However, the support at $23.86 is crucial—if that level fails, the stock may slip to $22.11 or even below $20.

Strategy Incorporated (MSTR)

Strategy (formerly MicroStrategy) has acquired an additional 7,390 BTC at an average price of $103,498 per coin, bringing its total holdings to 576,230 BTC.

The company has achieved a year-to-date BTC yield of 16.3% in 2025, reinforcing its continued conviction in Bitcoin as a core treasury asset.

This latest purchase further solidifies Strategy’s position as the largest public holder of Bitcoin.

Coinbase Debuts on S&P 500 – 3 US Crypto Stock to Watch Today image 2MSTR Price Analysis. Source: TradingView.

MSTR stock is currently trading just below a key resistance level at $404.38, with its RSI at 53.79—down from 67.51 six days ago—indicating some cooling in momentum.

If the resistance is broken, MSTR could push toward the next target at $437.61. However, if the trend reverses and selling pressure increases, a drop to the $383 support is possible.

A break below that could lead to a deeper pullback toward $356.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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