On Wednesday, Circle Internet Group Inc (NYSE: CRCL), the parent company behind the USDC stablecoin, saw its stock skyrocket by 33.82%, closing at $199.59, up $50.44 from the previous close of $149.15. The rally continued into after-hours trading, with the stock hitting $211.80, marking another 6.12% gain and sending bullish signals across the crypto finance sector.
This surge came shortly after the U.S. Senate passed the Genius Act, a new federal framework regulating stablecoins like USDC. The bill is being seen as a landmark victory for the crypto industry, offering long-awaited clarity for institutions and investors interested in dollar-backed digital assets.
Stablecoin Market Cap Hits $252 Billion
The passing of the Genius Act has pushed the total market cap of stablecoins to $252 billion, as investors welcomed the legal clarity and legitimacy the new regulation brings. USDC, Circle’s flagship stablecoin, plays a major role in this market.
With Circle’s direct exposure to this growing ecosystem, the company’s valuation has jumped to $48 billion, reflecting heightened investor confidence.
Stock Performance Snapshot
| Time Period | Return |
|---|---|
| 1 Day | +33.82% |
| 5 Days | +70.90% |
| All Time | +189.26% |
The day’s price action was notable. CRCL opened at $153.22, hit a low of $148.00, and rallied to an intraday high of $200.90 — a new 52-week high. The stock then settled at $199.59 and surged again in after-hours trading.
Company Overview
| Detail | Info |
|---|---|
| Name | Circle Internet Group Inc |
| Ticker | NYSE: CRCL |
| Founded | 2013 |
| Founder | Jeremy Allaire, Sean Neville |
| Sector | Financial Technology |
| Industry | Blockchain & Digital Payments |
| Headquarters | Boston, Massachusetts, U.S. |
Fundamentals
| Metric | Value |
|---|---|
| Market Cap | $48 Billion |
| P/E Ratio (TTM) | 2,494.8802 |
| EPS (TTM) | $0.0801 |
| 52-Week High | $200.90 |
| 52-Week Low | $64.00 |
Technical Outlook
On the charts, CRCL stock broke a strong resistance level of $165.60 with a large bullish candle on Tuesday. The momentum continued Wednesday with strong volume and pre-market gap-up to $211.80. This price action confirms a strong uptrend, and unless there is major selling pressure, the rally may continue toward the next resistance zone of $225–$230.
Key support levels now rest at $170 and $165, which may act as buying zones if the stock sees any pullback.
Final Thoughts
CRCL is currently riding a powerful wave of regulatory clarity and investor sentiment, backed by its direct link to the exploding stablecoin market. With USDC adoption likely to grow further, and institutional interest expected to rise, Circle’s stock may continue to gain momentum in the short to medium term.
Investors are now closely watching Circle’s performance ahead of its next earnings date on August 13, 2025, and how it capitalizes on this policy-driven tailwind.
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Dawson Blake is a financial markets expert with over 10 years of experience, focusing mainly on stock market news and price movements. He aims to become a top-tier authority in curating stock news content that readers can trust as their go-to source for market information. Dawson enjoys breaking down market activity, company updates, and daily trends to help investors stay informed and make smarter financial decisions. His writing is simple, clear, and designed to make the stock market easy to follow for everyone.