Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Circle stock extends stunning rally amid high hopes for crypto ‘disruptor’
Economy

Circle stock extends stunning rally amid high hopes for crypto ‘disruptor’

Last updated: June 21, 2025 9:45 pm
Share
Circle stock extends stunning rally amid high hopes for crypto ‘disruptor’
SHARE

Circle stock’s(CRCL) massive rally is continuing its upward trajectory, with no signs of cooling off. The issuer of USDC stablecoins (USDC-USD) surged 20% on Friday, further extending its impressive post-IPO gains as investor optimism in the cryptocurrency market grows.

Analyst Jeff Cantwell from Seaport Research Partners labeled Circle as a top-tier crypto ‘disruptor’ with significant future potential in a note released on Friday. He highlighted the company’s positive outlook, attributing it to an improving regulatory environment in the US. Cantwell also projected that the overall stablecoin market cap could reach $500 billion by the end of next year, with long-term potential to reach $2 trillion.

Initiating coverage on Circle with a Buy rating and a price target of $235, Cantwell’s endorsement fueled investor enthusiasm, propelling the stock to close just above $240 on Friday. This marks an impressive 80% rally for the week and a staggering 670% increase from its IPO price of $31.

Circle’s recent surge was triggered by the Senate’s passage of the GENIUS Act, which provides a federal framework for stablecoins like USDC, tokens backed by assets such as the US dollar. Circle’s co-founder and CEO, Jeremy Allaire, hailed the passage of the bill as a historic moment that paves the way for breakthrough legislation benefiting the US economy and national competitiveness.

Specializing in issuing the stablecoin USDC, Circle generates most of its revenue from “reserve income,” derived from cash backing its stablecoin held in banks or invested in Treasury bills. The momentum surrounding stablecoins has also lifted shares of trading platform Robinhood (HOOD) and crypto exchange platform Coinbase (COIN) in recent weeks. Notably, Coinbase holds a minority stake in Circle, further solidifying its position in the crypto market.

See also  Thinking About Imports and Exports

Ines Ferre, a senior business reporter for Yahoo Finance, provides expert analysis and coverage of the latest stock market news and events. Follow her on Twitter at @ines_ferre for real-time updates and insights on market trends.

For comprehensive analysis of the latest stock market developments and to stay informed on financial and business news, visit Yahoo Finance. Stay ahead of the curve with up-to-date information on market trends and investment opportunities.

With Circle’s stock continuing its meteoric rise and the crypto market gaining traction, investors are closely monitoring developments in the sector. Stay informed and seize potential opportunities in the dynamic world of cryptocurrencies with timely insights and expert analysis.

TAGGED:CircleCryptodisruptorExtendsHighHopesRallyStockStunning
Share This Article
Twitter Email Copy Link Print
Previous Article A Beginner’s Guide to Ethical and Sustainable Fashion A Beginner’s Guide to Ethical and Sustainable Fashion
Next Article Woman claiming to be ‘Oprah’ threatened to shoot Uber driver: prosecutors Woman claiming to be ‘Oprah’ threatened to shoot Uber driver: prosecutors
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

NYC sicko, 63, who allegedly raped boy, 14, in broad daylight has 2 terrifying prior busts targeting strangers: cops

A 63-year-old man from Queens, Virgilio Taveras, has been arrested for allegedly raping a 14-year-old…

July 10, 2025

Worker killed while changing billboard in front of NYC Victoria’s Secret store after MTA bus clips small boom lift

A Tragic Accident in Midtown Manhattan Tragedy struck in midtown Manhattan when a 37-year-old worker…

January 27, 2025

Theo Von Speaks Out on ‘Choppy’ Filmed Comedy Show and Suicide Comment: ‘I Would Never Try to Take My Own Life’

Theo Von has reassured his supporters that he would “never attempt to take own life”…

October 3, 2025

18 Linen Outfit Pieces from Walmart — Dresses, Pants and More

Linen is a must-have fabric for the summer season. Its lightweight and breathable nature keeps…

June 23, 2025

MS-13 Gang Member Kilmar Abrego Garcia Claims He Was “Severely Beaten” While Jailed in El Salvador’s CECOT Prison – DHS Spox Responds with Fire |

In a recent court filing, Kilmar Abrego Garcia, an alleged member of the notorious MS-13…

July 2, 2025

You Might Also Like

Market analysts react to Trump-Xi meet
Economy

Market analysts react to Trump-Xi meet

October 31, 2025
29 truck carrier files Chapter 11
Economy

29 truck carrier files Chapter 11

October 31, 2025
Trust Government Statistics, Not Government
Economy

Trust Government Statistics, Not Government

October 31, 2025
Jefferies Raises BP Price Target to 420 GBp, Maintains Hold Rating
Economy

Jefferies Raises BP Price Target to 420 GBp, Maintains Hold Rating

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?