Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally
The post Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally appeared on BitcoinEthereumNews.com.
In brief Circle shares rose another 15% Monday, extending gains to roughly 60% since last week’s Q4 earnings. Analysts point to short covering, accelerating USDC growth, and regulatory clarity under the GENIUS Act. The rally comes as Bitcoin steadies near $68,000 amid the rising U.S.–Iran tensions. Stablecoin issuer Circle’s shares jumped another 15% Monday, extending gains to roughly 60% since last week’s fourth-quarter earnings release, as investors poured into stablecoin-linked equities while broader crypto markets held firm. The move follows the company’s announcement of 72% growth in its stablecoin USDC to $75.3 billion and 77% revenue growth to $770 million, despite a net loss tied to IPO-related compensation in the fourth quarter. CRCL is trading at $96, marking a 71% advance in its stock in just over a month, according to Google Finance data. It’s still down by more than 10% since its debut on the New York Stock Exchange back in June of last year. It comes as broader crypto markets digest geopolitical and regulatory crosscurrents, with Bitcoin hovering near $68,372, after recovering from a brief selloff triggered by a U.S.-led strike on Iran, per CoinGecko data. President Donald Trump said Monday on X the U.S. had launched “Operation Epic Fury,” calling it “one of the largest, most complex, most overwhelming military offensives the world has ever seen.” On Myriad, a prediction market owned by Decrypt’s parent company Dastan, users now see a 51% likelihood of a U.S.–Iran ceasefire happening before April 1. Oil and gold have risen on supply concerns, and for equity investors, attention has shifted to stablecoin fundamentals, positioning, and regulation. “Demand for stablecoins as well as the medium-to-long-term positive forecasts have made CRCL and stablecoin projects in general the real flavour of the month,” Sean Dawson, head of research at Derive, told Decrypt. “Regulatory…
Filed under: News - @ March 3, 2026 5:26 am