Crypto stock Galaxy Holdings (NASDAQ: GLXY) saw an 11% price increase on Tuesday, outperforming the S&P 500. The Federal Reserve meeting led to optimism for high-risk assets like cryptocurrencies, which saw price upticks. Analyst Devin Ryan initiated coverage on Galaxy with a buy recommendation and $60 price target based on its undervalued assets in cryptocurrencies and data centers. While not as bullish on cryptocurrencies, the potential in data centers is promising for Galaxy’s future growth. Considerations for investing $1,000 in Galaxy Digital are discussed by the Motley Fool Stock Advisor team, who identified other top stocks for potential high returns.

Read more at Nasdaq: Why Galaxy Digital Stock Triumphed on Tuesday