Crypto Stocks on Edge Ahead of Fed Minutes Release

The Federal Reserve's release of the June FOMC meeting minutes on July 8 is expected to have a significant impact on the crypto market, particularly on three key stocks: Coinbase (NASDAQ: COIN), Strategy (NASDAQ: MSTR), and Robinhood (NASDAQ: HOOD).

Data from the CME FedWatch Tool shows that 54% of investors expect the Fed will increase interest rates by 25 basis points in September to combat rising inflation, which reached 4.2% in May.

The minutes will provide insights into the Fed's stance on inflation and interest rates, prompting potential reactions from investors: selling stocks if the minutes are hawkish or buying if they are dovish.

Coinbase shares have gained 18% in five trading days, with the stock price currently above $148. If this momentum continues, Coinbase could reach its May 2026 high of $222.