NEW YORK, Jan 3, 2026, 7:41 PM ET — Market closed
- Galaxy Digital (GLXY) last closed up 10.8% at $24.75 on Friday.
- Crypto prices extended gains into the weekend, a key driver for crypto-linked stocks.
- Focus turns to next week’s U.S. jobs data and key bitcoin chart levels before Monday’s open.
Galaxy Digital shares last closed up 10.8% on Friday at $24.75, outperforming as investors rotated back into crypto-linked names ahead of the weekend.
The move matters now because Galaxy’s results tend to track digital-asset activity — when crypto prices and volatility rise, trading volumes and demand for related services often follow. Crypto-linked stocks are shares of companies whose business models are materially tied to cryptocurrencies.
Bitcoin and ether advanced on the first U.S. trading day of 2026, supporting sentiment in the sector even as broader equity markets finished mixed.
On Friday, Galaxy traded between $22.26 and $25.01 after opening at $22.89, with about 7.1 million shares changing hands, above recent daily levels.
Peers moved in the same direction, with Coinbase Global ending up 4.6% on the session.
Macro catalysts also sat in the background. “It’s going to be a time to actually do a lot of assessment,” said Juan Perez, director of trading at Monex USA, as markets looked to next week’s data, capped by Friday’s U.S. payrolls report. Reuters
Galaxy, founded by Mike Novogratz, is a crypto investment company that also has an artificial-intelligence data-center infrastructure business and began trading on Nasdaq in 2025 after a lengthy transition from its Toronto listing.
U.S. stocks started 2026 in choppy trading, with light holiday-thinned participation lingering into Friday’s session — a backdrop that can amplify moves in higher-beta, crypto-exposed equities.
Before Monday’s session, bitcoin was around $91,155 in weekend trade, up about 1.3% from its previous close, while ether was near $3,148, up about 0.6%.
Technically, investors are watching whether bitcoin can hold the $88,000–$85,000 zone, while a move back toward $99,000–$102,000 would strengthen the case that the trend is recovering, an Investing.com analysis said.
Next week’s U.S. calendar is expected to set the tone for rates-sensitive assets after a prolonged government shutdown delayed some data releases, and markets are pricing in further Federal Reserve cuts this year.
For Galaxy, traders will watch whether crypto price gains translate into steadier trading activity and improved risk appetite across digital-asset markets. Any company updates tied to its infrastructure push or client activity could also move the stock.
After Friday’s jump, the $25 area is the near-term level many traders will track when U.S. markets reopen on Monday, with the prior day’s low around $22.26 as a reference point if sentiment reverses.
