Circle stock price surged 22% to break through 160 USD, continuing to set a historical high! CRCL has increased over 420% in nine days, with institutions targeting 300 USD.
Circle's share price soared above $160 in less than two weeks after its listing, and since its listing on NYSE on June 5, it has risen by more than 420% in just nine trading days, and its market capitalization has exceeded $35 billion, consolidating its position as the "first stablecoin share". (Synopsis: Circle stock rises too fiercely, some people are unhappy!) Arca scolding: Too little placement amount betrays crypto, everyone uses USDT instead) (Background supplement: Circle (CRCL) Stocks can rise more than cryptocurrencies! Soared nearly 4 times on the second day of listing) Dollar stablecoin USDC issuer Circle shares once again pulled out a long red, after the opening of the US stock market, CRCL shares rose more than 22% intraday, the highest touched $163.46, continuing to hit a record high. Since its listing on NYSE on June 5, it has risen by more than 420% in just nine trading days, with a market capitalization of more than $35 billion, consolidating its position as the "first stablecoin share". Source: Google Finance Behind the explosion of Circle: Institutional funds and the dawn of regulation Circle began to sell at an IPO price of $31, and more than doubled from closing at $83.23 on the first day; Recently, the stock price has soared again, and the market is attributed to two forces: Institutional demand amplified: Since the beginning of the year, asset management giants such as BlackRock and Fidelity have absorbed billions of dollars through spot ETFs, accelerating the integration of stablecoins and traditional asset pools, driving Circle valuations upward. The regulatory path is clear: the US GENIUS Act and the Hong Kong stablecoin framework have entered the legislative process, investors expect the USDC compliance threshold to be lowered, and Circle fees and liquidity will be expanded. At present, a number of brokerages have raised Circle's share price target to $300, but some analysts have warned that the narrowing of USDC demand and interest rate spreads is still a follow-up variable. Related reports TRON launches mint USD1, opening a new chapter in the stablecoin ecology Why do stablecoins need privacy? The larger the market capitalization, the more nightmares Behind JD.com and Ant Group's application for stablecoin licenses: a new round of digital payment card position war [Circle's stock price pulled 22% to break through $160 and continue to hit a record high! CRCL rose more than 420% in nine days, and the agency looked at $300" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".
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Circle stock price surged 22% to break through 160 USD, continuing to set a historical high! CRCL has increased over 420% in nine days, with institutions targeting 300 USD.
Circle's share price soared above $160 in less than two weeks after its listing, and since its listing on NYSE on June 5, it has risen by more than 420% in just nine trading days, and its market capitalization has exceeded $35 billion, consolidating its position as the "first stablecoin share". (Synopsis: Circle stock rises too fiercely, some people are unhappy!) Arca scolding: Too little placement amount betrays crypto, everyone uses USDT instead) (Background supplement: Circle (CRCL) Stocks can rise more than cryptocurrencies! Soared nearly 4 times on the second day of listing) Dollar stablecoin USDC issuer Circle shares once again pulled out a long red, after the opening of the US stock market, CRCL shares rose more than 22% intraday, the highest touched $163.46, continuing to hit a record high. Since its listing on NYSE on June 5, it has risen by more than 420% in just nine trading days, with a market capitalization of more than $35 billion, consolidating its position as the "first stablecoin share". Source: Google Finance Behind the explosion of Circle: Institutional funds and the dawn of regulation Circle began to sell at an IPO price of $31, and more than doubled from closing at $83.23 on the first day; Recently, the stock price has soared again, and the market is attributed to two forces: Institutional demand amplified: Since the beginning of the year, asset management giants such as BlackRock and Fidelity have absorbed billions of dollars through spot ETFs, accelerating the integration of stablecoins and traditional asset pools, driving Circle valuations upward. The regulatory path is clear: the US GENIUS Act and the Hong Kong stablecoin framework have entered the legislative process, investors expect the USDC compliance threshold to be lowered, and Circle fees and liquidity will be expanded. At present, a number of brokerages have raised Circle's share price target to $300, but some analysts have warned that the narrowing of USDC demand and interest rate spreads is still a follow-up variable. Related reports TRON launches mint USD1, opening a new chapter in the stablecoin ecology Why do stablecoins need privacy? The larger the market capitalization, the more nightmares Behind JD.com and Ant Group's application for stablecoin licenses: a new round of digital payment card position war [Circle's stock price pulled 22% to break through $160 and continue to hit a record high! CRCL rose more than 420% in nine days, and the agency looked at $300" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".