Circle Soars 9% as Stablecoin Regulation Heats Up During Crypto Week Frenzy

Wall Street meets DeFi as Circle's stock rockets on regulatory tailwinds.

Stablecoins steal the spotlight

While traditional finance sleeps on blockchain, Circle's 9% surge proves regulators finally found their reading glasses. The timing? Impeccable—right as Crypto Week puts digital assets back in the global spotlight.

Behind the numbers

No fancy footwork here—just old-fashioned 'regulation clarity' doing what it does best: making bankers nervous and crypto natives rich. The 9% pop mirrors the market's relief that stablecoins won't be treated like nuclear codes.

The cynical take

Watch legacy finance 'discover' stablecoin utility now that there's a regulatory paper trail—right after missing every major crypto trend since 2009.

Recently, the shares also touched intraday highs between $204.90 and $206, before pulling back slightly. Now, the stock seems to be aiming at breaking the intraday high with high buying momentum showing on its chart.  

Technical charts reveal rising bullish sentiment. A strong support zone formed around $177–$182, tested on July 2 and again on July 11. Monday’s MOVE produced a bullish engulfing pattern following a hammer‑style rebound from the $182.50 low, indicating rejection of lower prices. Resistance remains firm near $205–$210, marked by highs from July 10 and 11. 

Short‑term momentum is underpinned by the five‑day simple moving average rising to $200.08 and crossing above the 20‑day SMA at $195.04. The share price trading above both suggests the continuation of recent strength. Should price stay above the five‑day SMA, bullish conditions may persist; a fall below could shift bias toward consolidation or pullback to the 20‑day SMA.

In a regulatory filing, Circle stated that USDC has been used for more than $25 trillion in on-chain transactions since its launch in 2018.

Amid Crypto Week, Circle’s stock has started gaining due to Optimism around the expected passage of the GENIUS Act. This Act aims to set a clear federal framework for stablecoins. If passed,it would benefit stablecoins, like Circle’s USDC, by boosting institutional confidence and attracting more investors to the ecosystem.

We can expect further upward movement in the coming days, all things being equal. However, some investors may choose to take profits, which could temporarily pull the price down.

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