Galaxy Digital Secures Approval to Expand Texas Data Center Capacity to 1.6GW
- Data Center Expansion: Galaxy Digital has received approval to increase the capacity of its Helios data center in Texas to over 1.6GW, a move that not only enhances the company's computational infrastructure but also provides robust support for future AI applications.
- Regulatory Progress Optimism: CEO Michael Novogratz expressed optimism during meetings in Washington that the cryptocurrency market regulation bill could pass within weeks, indicating serious bipartisan commitment that will pave the way for healthy growth in the crypto sector.
- Banking Sector Resistance: Novogratz highlighted that banks' resistance to cryptocurrency stems from concerns over deposit shifts, particularly in the context of stablecoin discussions, as banks currently profit significantly from earning up to 5% interest from the FED while offering low rates to consumers.
- Growth Potential for the Industry: He emphasized that passing the regulatory bill, even if imperfect, is crucial for the growth of the crypto industry, especially as stablecoins could offer interest-bearing returns that challenge the banks' monopoly.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT). As of , Altlayer (ALT) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ALT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ALT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Altlayer (ALT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0047 | 0.0058 | 0.00713 | 0.00823 | 0.00956 | 0.0107 | 0.012 |
| Fibonacci | 0.0058 | 0.00673 | 0.0073 | 0.00823 | 0.00916 | 0.00973 | 0.0107 |
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