Top Cryptocurrency Stocks To Watch Now - August 4th

Key Points

• Robinhood Markets, Galaxy Digital, and Bitfarms are currently the top cryptocurrency stocks being monitored due to their substantial trading volumes and engagement in the digital asset sector.
• Robinhood reported a trading volume of over **23 million shares** on Monday, with its stock reaching **$104.05**, while Galaxy Digital's stock rose to **$28.52** with a trading volume of about **2.8 million shares**.
• Bitfarms, a cryptocurrency mining company, has traded at **$1.21** on Monday, showing a **1-year range** between **$0.67 and $2.76**, indicating its potential volatility in the market.

Robinhood Markets, Galaxy Digital, and Bitfarms are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares in publicly traded companies whose core business involves digital assets or blockchain technology—such as crypto miners, exchange operators, or wallet and infrastructure providers. They offer investors a regulated, equity-based way to gain indirect exposure to the growth and volatility of the cryptocurrency market without owning tokens directly. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

NASDAQ HOOD traded up $4.15 during trading hours on Monday, reaching $104.05. The company had a trading volume of 23,416,976 shares, compared to its average volume of 41,799,930. The stock has a 50-day moving average of $86.92 and a 200 day moving average of $62.11. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $113.44. The stock has a market capitalization of $92.14 billion, a P/E ratio of 53.04, a price-to-earnings-growth ratio of 4.59 and a beta of 2.36.

Read Our Latest Research Report on HOOD

Galaxy Digital (GLXY)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

NASDAQ GLXY traded up $1.64 during trading hours on Monday, reaching $28.52. The company had a trading volume of 2,874,697 shares, compared to its average volume of 2,913,574. The firm has a 50-day moving average price of $22.22. Galaxy Digital has a 1-year low of $6.89 and a 1-year high of $33.17.

Read Our Latest Research Report on GLXY

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

NASDAQ BITF traded up $0.05 during trading hours on Monday, reaching $1.21. The company had a trading volume of 17,254,251 shares, compared to its average volume of 25,768,084. The stock has a 50-day moving average of $0.99 and a 200 day moving average of $1.08. Bitfarms has a 1-year low of $0.67 and a 1-year high of $2.76. The company has a current ratio of 2.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $671.85 million, a P/E ratio of -6.39 and a beta of 3.50.

Read Our Latest Research Report on BITF

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