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Home/News Feed/Crypto stocks move in premarket after Senate hearings on US crypto legislation.

COIN

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Crypto stocks move in premarket after Senate hearings on US crypto legislation.

Technical Signals

21 Jul 2026

FXEmpire

View Source

Neutral

Crypto stocks including Coinbase, MicroStrategy, and Circle showed varied premarket movements following a closed-door Senate hearing on cryptocurrency legislation in the US. Coinbase opened near a key technical resistance level, potentially boosting bullish confidence. MicroStrategy remains weak under $100, reflecting skepticism about its Bitcoin borrowing strategy. Circle bounced from support levels and may gain from investor interest ahead of its August earnings call. These developments highlight cautious market reactions to regulatory discussions and upcoming earnings events.

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