Circle Rockets After Stablecoin Bill Clears Senate, Pushes Post-IPO Rally to Over 500%
Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.
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Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.
Technical indicators show DOGE entering oversold territory, and social sentiment data from LunarCrush reveals an 86% positive tone across 16,000+ mentions, suggesting continued community conviction even amid price volatility.
The Seychelles-based exchange it working with crypto custodian BitGo Singapore, using its Go Network for off-exchange settlement.
Tensions in the Middle East are fueling a flight to safety, with traders rotating out of altcoins into stablecoins and bitcoin amid uncertainty around U.S. military escalation and sticky inflation.
Sui dropped nearly 4% after an intraday rally failed near $2.82, with 24-hour volume jumping 11% above the 30-day average during volatile trading.
UNI posted seven weekly gains in eight weeks, reversing its 2025 downtrend with a 70% rally from April lows and forming a V-shaped recovery pattern this week.
Bitcoin price was little changed and traded just above $104,000 as policymakers expect stickier inflation and slower growth.
With Coinbase Payments, the company said it aims to offer fast, global USDC transactions for merchants without needing blockchain expertise.
The U.K.’s incoming rules will be on the more restrictive end, said David Bailey, the executive director of prudential policy at the Bank of England.
From a technical perspective, LTC’s price action showed resilience, with support solidifying in the $83.48-$83.57 range.