Top Crypto Stocks to Watch Ahead of May 20 FOMC Minutes – MSTR, COIN and CRCL

Highlights Crypto stocks could see a spike in volatility next week after the release of FOMC minutes on May 20. MSTR stock needs to defend support at the 20-day EMA to avoid a steep drop. COIN stock could surge to $280 after a rising triangle emerged.

The Federal Reserve will release minutes for the April 28 FOMC meeting on May 20. These will be the last minutes that will mention Jerome Powell as the Chair of the Federal Reserve after his tenure ended on May 15. Crypto stocks could react to these minutes because of the 49% odd that the Fed is going to hike rates this year, and these minutes might confirm this. Strategy (NASDAQ: MSTR), Coinbase (NASDAQ: COIN), and Circle (NYSE: CRCL) are the best crypto stocks to watch ahead of May 20.
Crypto Stocks in Focus Ahead of FOMC Minutes Release on May 20
The Powell era at the Federal Reserve ended on May 15, but his name will linger a bit longer because on May 20, the minutes for the FOMC meeting that he chaired between April 28 and 29 will be released.

Powell left rates at 3.50% to 3.75% in April, saying that the US-Iran war is causing inflation to go up. The US had an inflation of 3.8% in April 2026, and in January, it was at just 2.4%. Crypto stocks are tumbling because of the rising inflation.

Trump was very critical of Powell, blaming him for not lowering rates. But Trump’s pick for Powell’s replacement, Kevin Warsh, might not have better luck because, with inflation going up, there is no chance that the Fed is going to lower rates.

On the CME FedWatch Tool, there is a 49% that the Fed is going to increase rates by either 25 basis points or 50 basis points.

All eyes are on the FOMC minutes to be released on Wednesday to see whether Powell changed his stance on his way out. If they increase the CME odds of the Fed hiking rates, crypto stocks like MSTR, COIN, and CRCL will feel the pinch.
MSTR Stock Tests Short-Term Support
MSTR stock is testing support at the 20-day EMA of $174. Crypto stocks took a beating on May 15 when the S&P 500 lost 90 points. MSTR closed at $177 because of this, after it fell by 5.11%.

MSTR shares need to hold support at $174 to keep bears at bay. Every time it has gone below the 20-EMA in the past has caused a sharp drop shortly after. In February, it went below it, and MSTR stock went from $164 to $104 in less than two weeks.

This happened again in March, and the crypto stock went from $136 to $116 in six trading sessions.

The RSI reading of 54 is neutral and shows buyers and sellers are fighting to have control. Bears might win the fight because the RSI reading has gone from 69 to 54 in just six days.
COIN Stock Could Lead Crypto Stocks Gains Amid Bullish Triangle
COIN stock is in a rising triangle that has a depth of 33%. But this 33% will only play out if CRCL stock can move past $211, and right now, this is not happening.

CRCL going above $211 will see it outperform all other crypto stocks because it will get to $280. The triangle is just adding strength to what Benchmark said that COIN shares will reach $270.

The OBV line is going up to suggest that there is more buying than selling. And if buyers can keep up and continue stockpiling on COIN even after the FOMC minutes, it will get to $280 in June 2026.
CRCL Stock Sheds 7% Despite Wall Street Backing
Circle dropped by 7% by the time the market was closing on Friday. This happened even when BlackRock is participating in a $222M raise for Circle’s Arc Blockchain. Circle even had revenues that were 20% higher than between October and December 2026.

But these two things: BlackRock support and high revenues, are not helping the CRCL stock price to go up. It is among the crypto stocks that are now testing lower support levels, and CRCL lies at $113.

CRCL needs to remain above $113 by the time the market opens on Monday and continue above here until the week ends.

And the ADX line that is going down is showing bears do not have a tight grip yet because the move downwards is weak. CRCL stock price might get to $132 if bulls decide to come back.