3 US Crypto Stocks to Watch Today
Galaxy Digital, Hut 8, and IREN Limited are gaining traction as Bitcoin recovers. Watch these stocks today as they show strong bullish momentum and key operational milestones.
US stocks climbed to fresh record highs on Monday, propelled by signs of progress in global trade talks and easing macroeconomic pressures.
Crypto-related equities were not left behind. As Bitcoin and broader digital assets recover from recent lows, crypto stocks continue to record gains. GLXY, HUT, and IREN are some of the US-listed crypto stocks to watch today.
Galaxy Digital (GLXY)
Galaxy Digital stock is recording fresh gains, fueled by a recent major development within the company.
Its asset management arm, Galaxy Asset Management, confirmed the final close of its oversubscribed Galaxy Ventures Fund I, LP, raising over $175 million, above its original $150 million target.
At the close of Monday’s trading session, GLXY rose 2% to $21.90, reflecting renewed bullish momentum. In the pre-market trading session today, GLXY is priced at $22.49.
If bullish pressure continues when markets resume, the stock could push toward $23.50.
GLXY Price Analysis. Source:
TradingView
However, a pullback toward $21.30 is possible if selling pressure climbs.
Hut 8 (HUT)
HUT is another crypto stock to watch today following the company’s latest operational milestone. On June 30, the company announced the energization of Vega, a massive Bitcoin mining facility believed to be the largest single-building mining operation by nameplate hashrate.
The bullish sentiment around this announcement pushed Hut 8’s stock to $18.60, up 5.32% on Monday. The stock trades at $18.35 during the pre-market trading session today.
If buyers step in after the market opens, HUT’s price could reclaim the $18.60 level or higher.
HUT Price Analysis. Source:
TradingView
Converesly, should selling pressure emerge, the price could retrace toward support at $17.24.
IREN
IREN is one of the crypto stocks to watch today. The issuing company has reached its mid-year target of 50 EH/s installed self-mining capacity.
On June 30, the company confirmed that the expansion is anchored by its 750MW Childress site, which now supports 650MW of operating capacity. This milestone positions IREN among the largest and most efficient Bitcoin miners globally.
During today’s pre-market trading session, IREN is priced at $13.98. If the bulls remain in control when the market opens, the stock could climb toward $15.79.
IREN Price Analysis. Source:
TradingView
On the other hand, failure to sustain buying pressure may push the price back down toward support at $13.51.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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