US EditionCircle (CRCL) News: Stock Price Drops 15% as BIS Warns of Stablecoin Risks
18 Articles
18 Articles
Circle (CRCL) has experienced a drop of up to 7% in its shares this Tuesday.This setback occurs after a rebound marked by optimism about the regulation and adoption of stablecoins.Now, Wall Street shifts its focus towards the growing risk of competition in the space of digital tokens.Circle's actions were on the way to breaking its three-day winning streak.The jump in the value of its shares is largely due to the Senate's approval of the GENIUS …
Circle (CRCL) News: Stock Price Drops 15% as BIS Warns of Stablecoin Risks
Stablecoin firm Circle’s (CRCL) meteoric stock frenzy is showing some signs of cooling.After hitting a record high of $299 on Monday, shares of the stablecoin issuer declined 15% on Tuesday, extending a pullback that has left shares down roughly 25% from their peak. However, at $223, they are still trading over 600% higher than their IPO pricing earlier this month.The drop isn't surprising as some analysts had already noted the stock's lofty val…
Circle’s 750% Surge Heats Up Debate Over Stablecoin Payments
A surge in shares of Circle Internet Group Inc., lifted by a wave of optimism about US stablecoins, has investors and market-watchers alike wondering just how much upside could be left in the near-term for the newly publicly-traded company.
Circle’s IPO Discloses Major Holdings In Sei And Diversified Digital Asset Portfolio
Circle’s portfolio shows strong gains with $31.33B fair value versus $19.76B cost basis. Sui leads in quantity and value, while Bitcoin holds high valuation despite smaller units. Portfolio balances established cryptos and emerging tokens like Sei, Aptos, and Optimism. Circle’s recent initial public offering (IPO) coincided with Senate approval of the GENIUS Act, legislation focused on stablecoin regulation. The company’s IPO filing revealed tha…
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