Top bitcoin stock picks to keep an eye on ahead of July CPI report
July 11, 2026
Bitcoin is currently hovering around $64,100, with traders closely watching resistance at $65,581 and support at $58,000. The upcoming US CPI reading on July 14 could dictate the next move in crypto prices. Cooler inflation data might boost risk appetite, while a hotter print could have the opposite effect. For investors interested in companies involved in cryptocurrencies or blockchain technology, this upcoming event carries significant weight and could impact sentiment and capital flows.
This article delves into three stocks in the crypto and blockchain sector that are particularly exposed to the current Bitcoin and CPI backdrop. Each of these stocks has a unique relationship with the news and may respond differently to the same information.
Block, a US-based financial technology company, operates two main ecosystems: Square for merchants and Cash App for consumers. It offers a range of services, including payment processing, banking-style services, lending, and the ability to buy, sell, and spend Bitcoin alongside traditional currency. Block generates revenue primarily from Square and Cash App, with a significant portion originating in the United States. Cash App’s direct involvement in crypto trading and spending makes Block an intriguing prospect for investors interested in Bitcoin’s trajectory. However, the company faces challenges such as reliance on volatile Bitcoin-related revenue, margin pressure, credit risk, and compliance issues.
Bitgo Holdings is another player in institutional crypto, providing secure wallets, custody solutions, trading services, and blockchain infrastructure for large clients. The company generates revenue from security software and services, predominantly in the US and international markets. Bitgo Holdings is at the nexus of Bitcoin, institutional adoption, and regulation. Despite its promising growth prospects, the company is still grappling with losses, regulatory risks, and a class action related to its IPO. The balance between growth forecasts, cost management, and legal challenges presents an intricate picture for investors to consider.
Galaxy Digital, a New York-based financial services and infrastructure company, focuses on digital assets, offering a range of services such as trading, lending, asset management, and investment banking. The company generates most of its revenue from its Digital Assets segment in Canada. Galaxy Digital provides exposure to both crypto sentiment and the development of AI-focused data centers and tokenization platforms. It is in the midst of expanding its data center capacity and addressing its profitability challenges through strategic initiatives. Investors must weigh the company’s risks against its future potential to determine whether the current valuation accurately reflects its growth prospects.
These three stocks showcase the diverse opportunities and challenges present in the cryptocurrency and blockchain sector. As investors navigate the ever-evolving landscape of digital assets, understanding each company’s unique position within the market is crucial for making informed investment decisions. By utilizing tools like Simply Wall St to identify key catalysts and narratives, investors can focus on high-conviction opportunities within this dynamic sector.