--- title: "Why Is Galaxy Digital Stock Surging on Thursday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296508050.md" description: "Galaxy Digital (GLXY) stock surged on Thursday, rising 5.21% to $23.22, driven by gains in Bitcoin and Ethereum following White House policy updates emphasizing U.S. leadership in cryptocurrency. The rally coincided with a partnership announcement between Galaxy Digital and Bank Leumi to launch digital asset trading services in Israel by early 2027. Despite the short-term momentum, technical indicators show mixed signals, with the stock trading below key long-term moving averages." datetime: "2026-08-20T14:40:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296508050.md) - [en](https://longbridge.com/en/news/296508050.md) - [zh-HK](https://longbridge.com/zh-HK/news/296508050.md) --- # Why Is Galaxy Digital Stock Surging on Thursday? **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. **Read Also: Stock Market Today: Dow Jones, S&P 500 Futures Fall as Trump Launches 'Operation Economic Fury' on Iran— BULL, WMT, MRK Stock in Focus** ## **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. 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. **Read Also: Walmart’s US Sales Growth Hits Weakest Pace Since 2020 — Pharmacy Drag Packs A Punch** _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) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [GLGG.US](https://longbridge.com/en/quote/GLGG.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [GLXU.US](https://longbridge.com/en/quote/GLXU.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [ETHV.US](https://longbridge.com/en/quote/ETHV.US.md) - [EETH.US](https://longbridge.com/en/quote/EETH.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [QETH.US](https://longbridge.com/en/quote/QETH.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [EZET.US](https://longbridge.com/en/quote/EZET.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [ETH.US](https://longbridge.com/en/quote/ETH.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [ETHT.US](https://longbridge.com/en/quote/ETHT.US.md) - [ETHU.US](https://longbridge.com/en/quote/ETHU.US.md) - [ETU.US](https://longbridge.com/en/quote/ETU.US.md) - [ETHD.US](https://longbridge.com/en/quote/ETHD.US.md) - [ETQ.US](https://longbridge.com/en/quote/ETQ.US.md) - [SETH.US](https://longbridge.com/en/quote/SETH.US.md) - [YETH.US](https://longbridge.com/en/quote/YETH.US.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) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [ETHUSD.VAHK](https://longbridge.com/en/quote/ETHUSD.VAHK.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [WMT.US](https://longbridge.com/en/quote/WMT.US.md) - [MRK.US](https://longbridge.com/en/quote/MRK.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md) - [Galaxy lowers CLARITY Act odds to 10%](https://longbridge.com/en/news/295996615.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [Bitcoin Custody for Institutional Clients Is Coming to Citi Later This Year](https://longbridge.com/en/news/296259278.md) - [Bitcoin lands on the same custody rails Citi uses for equities and bonds](https://longbridge.com/en/news/296272222.md)