GLXY Today - Jul 10: Citi Sees Upside
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Now, what actually went down? GLXY started off with some positive vibes in the pre-market thanks to Citi. They’re seeing some structural upside for Galaxy Digital, which got people interested. But it’s not like they think this is gonna be a sprint; more like a steady jog. Then, during the day, the stock kind of just hung around, barely moving much. Some folks might’ve been hoping for more excitement, but it stayed pretty chill.
As for why it didn’t really take off? Well, it seems like there’s a bit of mixed sentiment out there. Pictet Asset Management decided to cut their holdings in Galaxy, which isn’t the best news for investor confidence. Plus, Compass Point came in with a lowered price target, saying the valuation needed a reset. That probably made some investors hit the pause button. So, with all that back and forth, GLXY just kinda floated along.
Looking ahead, there’s some buzz in the crypto space, especially around Bitcoin and Ethereum ETFs, thanks to Wells Fargo. They’re boosting their outlook, which could affect the whole market vibe. So, keep that in mind if you’re watching the crypto scene.
Alright, that’s a wrap for today! Just a little recap of what’s up with Galaxy Digital. Remember, this is just for info and entertainment, not financial advice. Catch you later!
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