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BTCC / BTCC Square / Global Cryptocurrency /
Circle (CRCL) Stock Surges 750% Amid Regulatory Tailwinds, Then Corrects

Circle (CRCL) Stock Surges 750% Amid Regulatory Tailwinds, Then Corrects

Author:
Global Cryptocurrency
Published:
2025-06-25 18:17:02
9
1
BTCCSquare news:

Circle Internet Group's stock (CRCL) skyrocketed 750% in a month following its US market debut, fueled by institutional enthusiasm after the Senate passed the GENIUS Act. The legislation mandates full reserve backing for stablecoins—a direct boon for Circle, one of America's largest issuers.

The rally proved short-lived. Ark Invest and other institutions quickly offloaded positions, triggering a 9% drop this Wednesday. Shares now trade at $200, far below last week's peak. Skeptics point to Circle's 180x earnings multiple and persistent consumer preference for traditional card networks.

|Square

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