In light of recent global developments affecting the cryptocurrency market, traders are increasingly focusing on three surprising US-listed crypto stocks: Galaxy Digital Inc (GLXY), LQWD Technologies Corp (LQWD), and Soluna Holdings, Inc. (SLNH). Following a massive selloff that erased over $20 billion in market value last week, these companies are now drawing renewed attention from investors as they navigate uncertainty stemming from rising tensions, particularly between the US and China.
### Market Overview
Last week’s downturn in the cryptocurrency sector was largely triggered by escalating trade tensions following former President Donald Trump’s statements regarding China. As a result, digital currencies experienced significant volatility, impacting related stocks. However, early signs of recovery are emerging from the rubble, as strategic developments within these companies signal potential upside.
### Galaxy Digital Inc (GLXY)
Currently trading at around $39.38, Galaxy Digital has witnessed a 7% decline in its stock price, mirroring the overall crypto market’s downturn. This drop comes despite a noteworthy strategic investment of $460 million from a leading global asset manager. Such an influx of capital reflects strong institutional confidence in Galaxy’s long-term prospects.
The investment deal includes the acquisition of over 9 million shares at a price of $36 each, with additional shares purchased from executives, including CEO Mike Novogratz. In pre-market trading, GLXY was seen at $40.60, suggesting some optimism among investors. Analysts point out that if positive sentiment continues, the stock could potentially rise to around $44.33 later in the week. Conversely, should investor pessimism prevail, the share price could fall below $36.60.
### LQWD Technologies Corp (LQWD)
LQWD Technologies faced a 5% drop last Friday, primarily due to forced selling and cautious investor behavior despite the company achieving significant operational gains. Recently, LQWD completed a 60-day yield test on the Lightning Network, where it deployed over 47.1 BTC. The results indicated a weighted annualized yield (APR) of 8.9%, showcasing the effectiveness of its new yield strategy.
CEO Shone Anstey expressed optimism about the company’s performance, noting that as Bitcoin usage increases, so too does the yield potential. Should investor sentiment shift more positively, LQWD’s stock could recover towards $3.29. However, a continuation of the current market downturn could see shares testing the lower support level around $0.91.
### Soluna Holdings, Inc. (SLNH)
Soluna Holdings closed last Friday at $2.41, down 6%. Despite this decline, the company is experiencing increasing attention due to a significant partnership with KULR Technology Group. This new collaboration focuses on Bitcoin treasury management, enabling Soluna to oversee approximately 3.3 MW of Bitcoin mining capacity in Kentucky.
This partnership not only expands Soluna’s client base beyond traditional miners but also positions it favorably in a growing sector. In pre-market trading, SLNH shares climbed to $2.54, indicating renewed investor interest. If this momentum continues, analysts suggest that SLNH may surpass resistance levels at $2.58 and potentially reach $3.10. However, if broader selling pressure persists, the share price could drop towards $2.06, testing lower support levels.
### Broader Implications
The shared experiences of these three companies highlight the fragility of the cryptocurrency market amid global geopolitical tensions and trade uncertainty. Each firm is attempting to leverage its unique position and operational strengths to navigate the shifting landscape.
Institutional investment in companies like Galaxy Digital indicates a level of confidence that could reassure retail investors seeking opportunities in crypto stocks. Meanwhile, LQWD’s innovative yield strategies and Soluna’s expanding client base serve as relevant examples of the sector’s adaptability.
### Conclusion
As the cryptocurrency sector grapples with uncertainty stemming from geopolitical tensions and trade disputes, these three US-listed stocks—Galaxy Digital Inc, LQWD Technologies Corp, and Soluna Holdings, Inc.—are capturing trader interest. While the market has shown signs of recovery, future price movements will depend heavily on investor sentiment and ongoing operational progress.
Traders should remain vigilant and consider both the potential upside and risks associated with these stocks. As the situation evolves, keeping a close eye on industry developments and global economic implications will be crucial for making informed investment decisions.
In summary, these three companies are stacking their odds in a challenging environment, and their trajectories may offer insights into the broader crypto market’s health. The interplay of institutional confidence, operational innovation, and market sentiment will continue to shape the narrative going forward.
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