Circle’s shares rose as quarterly earnings exceeded expectations amid growth in stablecoin adoption and bitcoin’s recent price surge.
Circle’s stock climbed after the company reported stronger-than-expected quarterly earnings, driven by expanding stablecoin usage. The issuer’s results outpaced analyst forecasts, reflecting increased demand for digital dollar-pegged assets.
Bitcoin traded above $81,000, up roughly 11% over the past month, contributing to mixed performance in cryptocurrency-related equities. Meanwhile, IREN dropped following plans to raise $2 billion via convertible notes, while Keel Infrastructure fell after posting a larger-than-anticipated loss.
Major indexes edged lower amid geopolitical tensions, with oil prices rising on Iran-related concerns. Tech stocks like Intel and Micron saw gains, offsetting broader market declines.