US stocks surged to record highs on Monday, driven by positive developments in global trade discussions and easing macroeconomic concerns. Crypto-related equities mirrored this upward trend as Bitcoin and other digital assets rebounded from recent lows. Among the standout performers are Galaxy Digital (GLXY), Hut 8 (HUT), and IREN—three US-listed crypto stocks poised for further momentum.
Galaxy Digital (GLXY)
👉 Why GLXY is a top crypto stock
Galaxy Digital’s stock is riding a bullish wave following a strategic milestone:
- Its subsidiary, Galaxy Asset Management, finalized its oversubscribed Galaxy Ventures Fund I, raising **$175 million** (exceeding the initial $150M target).
- Shares closed 2% higher at $21.90** on Monday, with pre-market trading today at **$22.49.
Key Levels to Watch:
- Upside: A sustained rally could target $23.50.
- Downside: Potential pullback to $21.30 if selling pressure intensifies.
Hut 8 (HUT)
Hut 8’s recent achievement—the activation of its Vega Bitcoin mining facility (the world’s largest single-building mining operation by hashrate)—fueled a 5.32% stock price jump to $18.60**. Pre-market price: **$18.35.
Outlook:
- Bullish Scenario: Breach of $18.60 or higher.
- Bearish Scenario: Retreat to $17.24 support.
IREN
IREN hit its mid-year goal of 50 EH/s self-mining capacity, powered by its 750MW Childress site (now operating at 650MW). This cements IREN’s status among the most efficient Bitcoin miners.
Pre-Market Data:
- Current price: $13.98.
Potential Targets:
- Resistance: $15.79.
- Support: $13.51.
FAQ Section
Q1: What drives crypto stock prices?
A1: Factors include Bitcoin’s performance, company milestones, and broader market sentiment.
Q2: How risky are crypto stocks?
A2: Higher volatility than traditional stocks; thorough research is advised.
Q3: Where can I track these stocks?
A3: Platforms like TradingView or brokerage apps provide real-time data.
Disclaimer: This analysis is for informational purposes only. Always consult a financial advisor before investing. 👉 Explore crypto investment strategies