Circle stock price rises sharply in the cryptocurrency market
Highlight event about Circle shares
On June 20, the US stock market recorded a surge in Circle (CRCL.N) shares. In pre-market trading, the stock price increased nearly 13%, temporarily reaching $225.78. This is an impressive jump compared to the previous day's price, which surpassed the $200 mark, with an increase of up to 34.25%. This volatility indicates a strong appeal of Circle to investors in the cryptocurrency sector, especially as the company is expanding operations and developing services related to the USDC stablecoin. This market effect significantly increases the attention of the crypto investment community.
Opinions from industry experts
On the other hand, a founder of Airwallex has made a negative prediction about Circle's stock, advising investors to start short selling. This advice is based on market fluctuations and the company's fundamentals. In the context of cryptocurrency, these predictions reflect diverse opinions, highlighting the high volatility of the crypto financial market. Investors need to closely monitor stock price movements and factors affecting the stablecoin sector to take advantage of opportunities or avoid unwanted risks.
Impact on the global cryptocurrency market
The rise in Circle's stock not only creates a short-term positive effect but also contributes to raising awareness about the development strategy of services related to stablecoins, especially USDC. In the cryptocurrency world, this reinforces trust in projects with solid foundations and high applicability. Through this, investors can consider allocating a reasonable portfolio, leveraging long-term uptrends in the cryptocurrency market. This event demonstrates that, with the support of major fintech companies, the crypto ecosystem continues to maintain positive growth momentum, opening up many attractive profit opportunities in the near future.
Source: https://tintucbitcoin.com/circle-tang-13-von-hoa-22578-trieu-usd/
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