Last Friday’s crypto market selloff, triggered by renewed US-China tariff tensions, wiped out over $20 billion in liquidations, sending shockwaves through the digital asset market and crypto-related equities.
However, with markets showing early signs of recovery and positive sentiment returning to the crypto market, several crypto-linked assets could rebound this week. Here are three US crypto stocks to watch as ecosystem developments fuel potential upside momentum.
SponsoredGalaxy Digital Inc (GLXY)
GLXY closed last Friday at $39.38, marking a 7% decline on the day. The sharp drop reflected broader weakness across the crypto market, as widespread liquidations weighed on crypto-related equities.
However, the current dip comes at a pivotal moment for the company. Galaxy recently announced a $460 million strategic investment from one of the world’s largest asset managers, signaling institutional confidence in its long-term prospects.
The transaction, which consisted of purchasing 9,027,778 shares from Galaxy and 3,750,000 shares from certain executives, including Founder and CEO Mike Novogratz, was priced at $36 per share.
The investment is expected to close this week, following regulatory approval from the Toronto Stock Exchange and other customary conditions. This has put GLXY on investors’ radar to see how it performs.
At pre-market today, GLXY trades at $40.60. If this renewed optimism triggers sustained buying activity through the week, the stock could climb toward $44.33.
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However, if market sentiment weakens and selloffs extend, the share price could slip below $36.60.
LQWD Technologies Corp (LQWD)
Last Friday, LQWD Technologies’ shares were down 5%. That day’s forced selling and cautious positioning weighed on LQWD’s performance despite the company’s recent operational progress.
Earlier this month, LQWD Technologies announced the successful completion of a 60-day Lightning Network yield test. Over the period, the company scaled its BTC deployment across global Lightning Network infrastructure to more than 47.1 BTC, generating a weighted annualized yield (APR) of 8.9%.
According to CEO Shone Anstey, the company’s new yield approach continues to perform well, demonstrating that as more Bitcoin is used, the yield opportunity scales accordingly.
SponsoredIf the company’s momentum and investor sentiment strengthen, the stock could rebound toward $3.29 as buying activity builds.
Conversely, if the broader crypto selloff deepens, LQWD’s share price could slip further, potentially testing support near $0.91.
Soluna Holdings, Inc. (SLNH)
SLNH closed last Friday at $2.41, noting a decline of 6% on the day. Despite this dip, the crypto stock deserves close attention following a major partnership announcement that could influence investor sentiment and price momentum this week.
SponsoredOn October 9, the Albany-based developer of green data centers revealed a new hosting agreement with KULR Technology Group, Inc., a Bitcoin treasury company.
Under the deal, Soluna will manage approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky. This partnership is significant as it represents Soluna’s first collaboration with a Bitcoin treasury-focused company, signaling an expansion of its client base beyond traditional miners and hyperscalers.
In pre-market trading, SLNH shares were up at $2.54, showing early signs of renewed investor interest.
If this momentum translates into stronger buying activity as the trading week continues, the stock could break above the resistance level at $2.58 and climb toward $3.10.
However, if selling pressure intensifies, the share price could fall toward $2.06, testing its lower support range.
