Galaxy Digital Inc (NASDAQ:GLXY) stock traded higher on Thursday as digital asset prices advanced, with Bitcoin (CRYPTO: BTC) trading near $71,471 and Ethereum (CRYPTO: ETH) pushing past $2,268, according to CoinMarketCap data.
The rise in digital assets coincides with broader momentum across cryptocurrency-related equities.
Also, on Wednesday, Citigroup maintained its Neutral rating on Galaxy Digital while lowering its price forecast to $26 per share.
White House Summit
The sector momentum follows policy updates from a White House summit held Wednesday. During the event, President Donald Trump reiterated his commitment to secure U.S. leadership in cryptocurrency and emerging technologies.
The meeting included SEC Chairman Paul Atkins, CFTC Chairman Michael Selig and executives from sector firms including Coinbase Global, Robinhood, Ripple and Kalshi.
At the summit, Trump urged Congress to pass the CLARITY Act to set regulatory standards for digital assets.
Banking Expansion
In operational developments, Bank Leumi announced a partnership on Aug. 14 with Galaxy Digital to offer digital asset trading to its customers.
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The agreement makes Bank Leumi the first bank in Israel to offer digital asset trading services, leveraging GalaxyOne Institutional and Galaxy’s Custody Infrastructure platform, formerly known as GK8. The service is expected to launch in early 2027.
Lior Lamesh, CEO of Galaxy Israel, stated, “Leumi is the first bank in Israel to bring digital assets to its customers, and it chose Galaxy to make it possible.”
Galaxy Digital (GLXY) Critical Levels To Watch
From a trend standpoint, GLXY is in a “bounce inside a bigger downtrend” setup: it’s trading 9.8% above its 20-day SMA ($21.03), but still 7.4% below its 50-day SMA ($24.95) and about 9%–10% below its 100-day and 200-day averages. That mix usually signals short-term strength that hasn’t yet flipped the intermediate trend back to bullish.
Momentum is best framed through RSI, which sits at 52.58—neutral and consistent with a stock that’s chopping rather than trending hard.
The bigger longer-term caution flag is the death cross that occurred in August (the 50-day SMA falling below the 200-day SMA), which often keeps rallies “sold into” until price can reclaim key moving averages. Traders will also remember the recent swing high in June and swing low in July as the most recent pivot points defining the current range.
- Key Resistance: $26
- Key Support: $21
GLXY Price Action: Galaxy Digital shares were up 5.21% to $23.22 at the time of publication on Thursday, according to Benzinga Pro data.
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