--- title: "Why Is Galaxy Digital Stock Surging On Tuesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/293365506.md" description: "Galaxy Digital (GLXY) stock surged on Tuesday, rising 8.41% to $25.65, driven by a rebound in digital assets, Bitcoin gains, and positive developments in its Helios data center operations. The company recently completed Phase I power delivery at the West Texas campus and secured a $500 million lending facility with Grove. Market movements were also influenced by broader macroeconomic factors, including geopolitical tensions and stable Treasury yields." datetime: "2026-07-21T15:52:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293365506.md) - [en](https://longbridge.com/en/news/293365506.md) - [zh-HK](https://longbridge.com/zh-HK/news/293365506.md) --- # Why Is Galaxy Digital Stock Surging On Tuesday? **Galaxy Digital Inc.** (NASDAQ:GLXY) stock surged on Tuesday, driven by a sector-wide rebound in digital assets, artificial intelligence infrastructure equities, and corporate operational milestones. **Bitcoin** (CRYPTO: BTC) gained 3.56% over 24 hours to trade at $66,643.46, bringing its market capitalization to $1.33 trillion with $31.08 billion in 24-hour trading volume. Simultaneously, major U.S. stock index futures advanced following Monday’s lower close. The Nasdaq is up 1.09% while the S&P 500 has gained 0.43%. **Read Also: Jim Cramer's 'Finsuicide' Warning Says Chinese AI Accessing US Data Is a Bigger Threat Than Investors Realize: 'I Do Not Think That It Is a Total Coincidence…'** ## Macroeconomic, Geopolitical Factors Market movements developed alongside macroeconomic and geopolitical events. On Monday, Yemen’s Houthis announced a naval blockade on Saudi Arabia, and U.S. forces executed strikes against Iranian military targets. In bond markets, the 10-year Treasury yield held at 4.59%, while the two-year yield stood at 4.20%. CME Group’s FedWatch tool indicated an 83.4% probability that the Federal Reserve will keep interest rates unchanged at its July meeting. On July 15, credit protocol **Grove** announced a $500 million warehouse lending facility with Galaxy. Grove acts as the warehouse lender providing USDS capital, while Galaxy originates and services senior secured institutional loans backed by Bitcoin and **Ethereum** (CRYPTO: ETH). **Anchorage Digital** and **BitGo** act as qualified custodians for the collateral. ## Helios Data Center Phase Completion On July 6, Galaxy reported the completion of Phase I power delivery at its Helios data center campus in West Texas, delivering 133 megawatts of critical IT load to CoreWeave under a 15-year agreement. CoreWeave has committed to 526 megawatts of critical IT load across Phases I through III, which Galaxy expects to generate over $1 billion in average annual revenue. ## Critical Levels To Watch For GLXY Stock From a trend perspective, GLXY is still trying to repair a choppy intermediate setup: it’s trading 10.2% below its 50-day SMA ($28.59) and 6% below its 200-day SMA ($27.32), which keeps overhead supply in focus on rallies. At the same time, the stock is essentially sitting on its shorter-term baselines—just 0.1% below the 20-day SMA ($25.71) and 0.3% below the 100-day SMA ($25.75)—so this bounce is happening right at a "decision zone." RSI is the cleaner momentum read right now at 47.88, which signals neutral momentum rather than an overbought chase or an oversold snapback. The moving-average structure is mixed: the 20-day SMA remains below the 50-day SMA (bearish near-term), but the golden cross from June (50-day SMA above the 200-day SMA) suggests the longer trend can still reassert if price can reclaim the bigger averages. - **Key Resistance**: $27 - **Key Support**: $24 **GLXY Stock Price Activity:** Galaxy Digital shares were up 8.41% at $25.65 at the time of publication on Tuesday, according to Benzinga Pro data. **Read Also: Trump's USMCA Overhaul Begins With High-Stakes Mexico Talks as Canada Battles Tariff Blowback** _Image Via Shutterstock_ ### Related Stocks - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [BRPHF.US](https://longbridge.com/en/quote/BRPHF.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [GLGG.US](https://longbridge.com/en/quote/GLGG.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [GLXU.US](https://longbridge.com/en/quote/GLXU.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [BTGO.US](https://longbridge.com/en/quote/BTGO.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) ## Related News & Research - [Galaxy Digital Inc. 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