Galaxy Digital shares jump 5.21% as crypto prices advance

Galaxy Digital Inc. (NASDAQ:GLXY) shares rose 5.21% to $23.22 on Thursday as Bitcoin traded near $71,471 and Ethereum moved above $2,268, according to CoinMarketCap and Benzinga Pro data. Citigroup maintained a Neutral rating on Galaxy Digital on Wednesday but cut its price forecast to $26 per share. The broader sector advance followed a White House summit at which President Donald Trump reiterated his commitment to U.S. leadership in cryptocurrency and emerging technologies, urged Congress to pass the CLARITY Act and met with SEC Chairman Paul Atkins, CFTC Chairman Michael Selig and executives from Coinbase Global, Robinhood, Ripple and Kalshi. Galaxy also announced a partnership with Bank Leumi on Aug. 14 that is expected to make the Israeli bank the first in Israel to offer digital asset trading, using GalaxyOne Institutional and Galaxy's Custody Infrastructure platform, formerly known as GK8. The service is expected to launch in early 2027. Technically, GLXY is 9.8% above its 20-day SMA of $21.03 but 7.4% below its 50-day SMA of $24.95 and about 9% to 10% below its 100-day and 200-day averages. Its RSI is 52.58, indicating neutral momentum, while an August death cross continues to signal longer-term caution. Key resistance is $26 and support is $21.

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