Circle rises over 7%, breaks through $72

TechFlow News, August 11, according to Bitget market data, Circle (CRCL.US) stock price rose over 7%, trading at $72.98.

On the news front, Bitwise Head of Research Ryan Rasmussen stated that as the stablecoin market expands to a scale of trillions of dollars, investors are underestimating Circle's growth opportunities. He expects the stablecoin market size to grow from the current approximately $300 billion to $3 trillion to $5 trillion, and believes that as the U.S. stablecoin regulatory framework gradually takes shape, Circle has secured a first-mover advantage with its existing market share.