3 U.S. Crypto Assets Stocks to Follow in August: Galaxy Digital, Cipher Mining, and Riot Platform

As the cryptocurrency market continues to fluctuate, investors remain uncertain about the trends in August. Entering August, Galaxy Digital (GLXY), Cipher Mining (CIFR), and Riot Platform (RIOT) have become three noteworthy US-listed crypto-related stocks, driven by key ecosystem developments that could impact their stock prices.

Galaxy Digital (GLXY)

Galaxy Digital has gained attention for playing a central role in one of the largest Bitcoin transactions in recent history. The company completed the sale of 80,000 coins on behalf of a long-time client, an action that immediately shook the Crypto Assets market.

The large scale of this transaction led to a brief but sharp decline in Bitcoin prices, triggering speculative behavior and exacerbating volatility.

On July 25, due to low market popularity, the price of GLXY closed at a low of $30.59. However, the stock has since shown signs of recovery, with a pre-market trading price today (29) at $31.99. If bullish momentum reappears when the market opens, the price of GLXY could climb to $33.17, which may serve as a resistance level in the short term.

On the other hand, if the selling pressure intensifies, GLXY may fall below the support level of 30 dollars.

Regardless, as Galaxy Digital is at the center of a high-impact Crypto Assets movement, its stock is still worth closely following in the coming weeks.

(Source: Trading View)

Cipher Mining (CIFR)

Cipher Mining's stock is one of the stocks worth following in August. The company will release its financial performance for Q2 2025 and provide a business update before the U.S. stock market opens on August 7. Following the announcement, a live conference call and webcast will be held, which could be a key catalyst for the stock's rise.

On the previous trading day, CIFR closed at $6.47, down 2.71% for the day. However, in today's pre-market trading, the stock strengthened in the early session, rising to $6.60.

If the buying momentum accelerates after the market opens, CIFR may rise to the resistance level of $7.10.

On the contrary, a weakening market sentiment may drag the stock price below $6.33, thereby opening the door for a larger pullback ahead of its earnings release.

(Source: Trading View)

Riot Platforms (RIOT)

Riot Platforms may attract investor attention in August this year due to significant sales activity and strong development momentum so far this year.

On July 21, CEO Jason Les sold 100,000 shares of common stock, with a total value of approximately $1.51 million, at prices ranging from $15.00 to $15.245 per share.

The timing of this sale is worth following, as the trading price of RIOT was close to its 52-week high of $15.87. Supported by the overall optimistic sentiment in the crypto assets market and Riot's ongoing infrastructure expansion, the stock has soared 40% year-to-date.

On the previous trading day, RIOT closed at 14.54 dollars, down 1.16% on that day. However, in today's pre-market trading, the stock has slightly risen to 14.60 dollars. If buying pressure increases after the market opens, the price of RIOT may rise to 14.93 dollars.

However, if the bullish pressure is not maintained, the stock price may fall below 13.93 dollars.

(Source: Trading View)