#CryptoStocks

Circle entered the stock market on June 5 with an IPO price of $31. The stock opened at $69 and ended its first day with a gain of 163% of IPO, closing at $83.23. The price of the stock has performed steadily since then, supported by increasing optimism towards the future of stable coins as well as blockchain infrastructure.

This is after only a few days as the Circle stock rose by 13% to reach $151.14, after hitting the high point at $195.79 today with a market cap of $46.76 billion. This rally was a continuation of the 25% rise made on Friday day and this means that there is an increasing demand by both institutional players and retail investors.