Top 3 Crypto Stocks With Upside Potential For the Rest of Q4

Key Insights:

• BitMine sees sharp swings as traders track crypto stocks, including mining activities.
• Circle posted strong Q3 results, but CRCL is trading lower.
• Coinbase faces pressure as crypto prices fall.

Crypto stocks are drawing fresh attention in Q4 as Bitmine, Circle, and Coinbase trade lower despite earlier gains.

The three companies remain active in the market as traders watch price swings, earnings results, and changes in crypto demand.

Their outlook for the rest of the quarter could depend on stablecoin use, trading activity, and Bitcoin movement.

Bitmine Shows Sharp Swings as Crypto Stocks Sees Volatile Trading

Crypto stocks stay in focus as BitMine Immersion Technologies (BMNR) moves through another volatile session.

The BMNR stock closed at $29.18 on November 19, witnessing a slump of 9.6% from its prior close. It sits within a wide year range of $3.20 to $161.00 and holds a market cap of $8.30 billion.

Notably, the stock also recorded heavy daily activity, with many traders watching its short-term movements.

Similarly, BitMine traded between $28.75 and $32.78 during the latest session. The sharp swings come at a time when the broader crypto market faces pressure.

Bitcoin fell below $90,000 this week, marking its lowest point in more than six months. Ethereum also trades lower, and other large tokens follow the same trend.

These moves influence most crypto stocks, and BitMine is one of the names that react quickly when prices shift.

Notably, the recent market decline has led to liquidations across exchanges.

Large liquidation events often slow trading interest and add caution. Bitmine remains active because crypto mining stocks tend to reflect changes in Bitcoin more directly than other crypto companies.

Still, the wide year range of the crypto stock shows that traders view it as a high-movement name.

For the rest of Q4, its outlook could depend on daily Bitcoin trends and overall risk appetite.

Circle Trades Lower Even After Strong Quarterly Results

Circle Internet Group is down despite posting strong Q3 results. The crypto stock ended the session on Wednesday at $69.72, witnessing a slump of around 9% from its prior close.

The reaction for the crypto stock comes even though the company reported solid revenue and profit growth.

Circle posts $739.8 million in revenue for Q3, up 66% year on year. Net income rises by 202% to $214 million.

Market watchers believe that one major driver is the rise in USDC stablecoin circulation.

USDC supply reached $73.7 billion, which shows a 108% gain compared with the same period last year. The company also reported a market share of 29%.

Most of Circle’s revenue still comes from interest earned on short-term Treasury bills that back USDC.

The reserve return rate stands at 4.15% in Q3 as short-term rates eased. Circle noted that its margin slipped by 270 basis points due to higher distribution costs.

It adds that the margin improved compared with Q2 as the company works with higher-margin partners.

Circle continues to draw attention because stablecoins remain important in the crypto market.

The stock stays on watch lists even as it trades lower, and investors look at USDC demand and Treasury returns as key factors for Q4.

Coinbase Feels Market Pressure as Crypto Stock Attractiveness Grows

Coinbase Global also trades lower as crypto prices fell. The crypto stock ended the November 19 session at $257.29 after a drop of around 1.7%.

It trades between $247.02 and $262.82 during the day and holds a market cap of $69.37 billion. The company remains one of the most followed names in the crypto stocks space.

The market decline reduces activity across exchanges. Coinbase depends on trading fees, so lower prices could reduce revenue.

Daily trading volume reached $2.65 billion, and the stock ranks among the most-searched names on several tracking platforms.

Meanwhile, Coinbase reported strong Q3 earnings earlier. It highlighted progress with its “Everything Exchange” plan, which aims to broaden its services.

The company also began working with JPM Coin through its blockchain system. It has launched a pre-listing access feature to expand its offerings.

These updates show growth, but the crypto stock still moves with the rest of the market. For Q4, its performance could depend on Bitcoin recovery and trading demand.