Crypto-Linked Equities Shine Amid Bitcoin Weakness

Bitcoin's price has been stuck near $64,000, but some crypto-linked equities are showing strong momentum. Galaxy Digital Inc. (NASDAQ:GLXY) and BitMine Immersion Technologies Inc. (NYSE:BMNR) have climbed into top-tier momentum zones according to Benzinga Edge Stock Rankings.

Galaxy Digital's momentum score rose from 86.71 to 90.87, despite having a poor growth score. The stock was 47.76% higher YTD, 11.58% over the month, and 78.69% over the year.

BitMine Immersion Technologies posted a week-on-week jump in its momentum score from 80.29 to 91.08. The stock was down 42.17% year-to-date, 20.99% over the month, but it gained 225.73% over the last year.

Meanwhile, Robinhood Markets Inc. (NASDAQ:HOOD) also showed strength with a momentum score of 75.60, rising from a mere 20.55 score. The stock was down 6.98% YTD, but up 36.38% and 40.36% over the month and the year respectively.

The divergence comes as crypto markets remain fragile following the Federal Reserve's latest policy decision and the U.S.-Iran peace agreement.