#CryptoStocks Circle (CRCL) has ignited a firestorm of interest in crypto equities, surging 34% to a record high following the U.S. Senate’s approval of the GENIUS Act. This landmark legislation, aimed at regulating stablecoins, has been hailed as a turning point for digital asset legitimacy in the U.S. financial system. Circle, the issuer of USDC, now finds itself at the epicenter of investor optimism, with its IPO price of $31 skyrocketing to nearly $200 in just two weeks.
But is this rally rooted in long-term fundamentals or riding a wave of short-term hype? Analysts point to strong institutional demand, regulatory clarity, and Circle’s transparent business model as key drivers. Yet, with an RSI above 84, some warn of a near-term pullback.
Still, the momentum is undeniable. Gemini and Bullish have already filed confidential IPO paperwork, while Kraken, BitGo, and Consensys are rumored to be next. As the GENIUS Act paves the way for compliant crypto infrastructure, investors are betting big on the next wave of blockchain-native companies entering public markets.
Whether this is a bubble or a breakout moment, one thing is clear: crypto IPO season has officially begun.
