Circle (CRCL) News: Stock Price Drops 15% as BIS Warns of Stablecoin Risks

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 620% Rally Snaps As Wall Street Warns Of Stablecoin Showdown - Data Intelligence

Circle dropped over 20% from Monday’s peak of nearly $300.  Analysts showed mixed views on the stock amid rising competition.  The stock of stablecoin issuer Circle’s shares (CRCL) entered a brief cool-off on the 24th of June after doubling in the previous three days of trading.  From early June, the stock has surged over 750% from pre-IPO $31 to nearly $300, fueled partly by last week’s passage of the U.S. stablecoin bill, the GENIUS Act.  On t…

CoinStats - Circle’s 620% rally snaps as Wall Street warn...

Crypto Price Tracker, Market Cap, News. CoinStats is a crypto portfolio tracker that provides live prices for Bitcoin, Ethereum & 5000 altcoins.

Europe is catching up on stablecoin usage after the initial MiCA shock

Stablecoin usage is growing rapidly in Europe, nearly doubling in the past year. The Asian market, however, lowered its share of activity to just 12% of all stablecoin usage.