TechFlow news, on June 24, Matrixport released its daily chart analysis stating that Circle's latest valuation has reached $60 billion, nearly equal to the total amount of USD in circulation (61.2 billion), remaining stable over the past three months. In contrast, Coinbase's current market cap stands at $78.3 billion. This sharp comparison reflects a gradual shift in market focus from diversified trading platforms toward core crypto infrastructure firms such as stablecoin issuers.
Regardless of final valuations, one trend is increasingly clear: capital is accelerating into infrastructure-focused crypto enterprises. The recent wave of IPOs further confirms continued institutional investment. We believe this is also one of the factors supporting Bitcoin’s potential strength this year, even though short-term consolidation may not yet be over.
