US Stock Alert: Galaxy Digital surges on October 26 — driven by bitcoin bear market ending speculation and pre-earnings rally

Galaxy Digital October 26 Surge Analysis

Keywords: End of Bitcoin bear market determination, price rise before earnings report

1. On October 26, Alex Thorn, Head of Galaxy Research, released a report stating that the Bitcoin bear market had ended in June and the market has entered an accumulation phase; as of October 18, Bitcoin had closed above its 50-week moving average for five consecutive weeks.

2. On October 27, Galaxy Digital is scheduled to announce its third-quarter results before the market opens; as of October 26, the updated market expectations are revenue of $8.72 billion and earnings per share of $0.22, with the stock price rising ahead of the earnings release.

(Disclaimer: This content is summarized from publicly available information by AI technology for reference only and does not constitute investment advice.)