3 notable US cryptocurrency stocks in August

As the crypto market continues to trade in a highly volatile zone, investors remain uncertain about what awaits in August. This sentiment has also spread to cryptocurrency-related stocks, which often reflect the significant fluctuations of the digital asset market.

As August begins, three cryptocurrency-related stocks listed in the United States, GLXY, CIFR, and RIOT, are attracting attention due to a series of important developments in the crypto ecosystem that could directly impact their stock prices.

Galaxy Digital Inc (GLXY)

Galaxy Digital has become the center of attention after playing a central role in one of the largest Bitcoin transactions in recent history. The company sold 80,000 BTC on behalf of a long-term client – this move immediately shook the crypto market.

The massive scale of the transaction has caused the price of Bitcoin to drop sharply in the short term, raising many speculations and increasing volatility.

On July 25, during the trading session, GLXY shares closed at a low of $30.59 due to negative sentiment. However, this stock has shown signs of recovery and is trading at $31.99 in today's pre-market session.

If buying power returns when the market opens, GLXY may continue to rise and approach the short-term resistance level at $33.17.

GLXY Price Analysis | Source: TradingViewConversely, if selling pressure increases, GLXY could fall below the support zone of 30 dollars. Regardless of the direction, with its central role in significant movements of the crypto market, Galaxy Digital's stock remains a name to watch closely in the coming weeks.

Cipher Mining (CIFR)

Cipher Mining is a notable stock in August. The company is expected to release its financial results for Q2 2025 and update the business situation before the opening of the US market on August 7. Immediately following will be an online conference call and webcast – which could become a strong catalyst for the stock price.

In the latest trading session, CIFR closed at $6.47, down 2.71% on the day. However, in today's pre-market session, the stock has shown signs of recovery, rising to $6.60.

If the buying momentum continues to rise sharply when the market opens, CIFR may target the resistance level of 7.1 dollars.

CIFR Price Analysis | Source: TradingViewConversely, if market sentiment continues to weaken, the stock may drop below the $6.33 mark, opening up the possibility of a deeper correction before the financial report is announced.

Riot Platforms, Inc. (RIOT)

Riot Platforms, Inc. may attract the attention of investors this August thanks to its notable stock sales and strong momentum since the beginning of the year.

On July 21, CEO Jason Les sold 100,000 common shares, raising about $1.51 million, with a price range of $15 to $15.24 per share.

The special selling point is noteworthy as RIOT shares are trading close to the 52-week high of $15.87. Year-to-date, RIOT shares have increased by 40%, supported by the overall optimistic sentiment towards the crypto market and Riot's ongoing infrastructure expansion plans.

In the latest trading session, RIOT shares closed at $14.54, down 1.16% on the day. However, in today's pre-market session, the stock has risen to $14.6. If buying pressure increases when the market opens, RIOT could bounce back to the $14.93 mark.

RIOT Price Analysis | Source: TradingViewHowever, if the upward pressure cannot be maintained, the stock price may drop below 13.93 dollars.

Minh Anh