Galaxy Digital Inc (NASDAQ:GLXY) shares are surging on Friday. The stock is riding a wave of renewed optimism across the digital asset ecosystem.

The Nasdaq is up 1.38% while the S&P 500 has gained 1.40%.

Middle East Peace Fuels Risk-On Sentiment

The primary catalyst is a sector-wide crypto rally. Markets reacted to signs of progress toward a Middle East ceasefire. Iran’s Foreign Minister Abbas Araghchi declared the Strait of Hormuz open to commercial vessels on Friday.

“In line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared completely open,” Araghchi posted on X.

Crypto Prices Bounce On Geopolitical Relief

Bitcoin (CRYPTO: BTC)…

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