Circle jumps 25%, defies crypto and stock market plunge amid Middle East war tensions
- Circle recorded a 25% gain on Friday, following reports of Amazon and Walmart exploring stablecoin offerings.
- Anticipation of the final Senate vote on the GENIUS stablecoin regulation bill next week has also contributed to CRCL’s price growth.
- CRCL’s surge comes amid bearish pressure in the crypto and stock markets after Israel attacked key locations in Iran.
Stablecoin issuer Circle (CRCL) saw a 25% gain on Friday, recouping losses from a 9% decline the previous day following the Senate scheduling a final vote on the GENIUS stablecoin regulation bill and reports of Amazon and Walmart exploring stablecoin offerings.
Circle surge past $133 amid rising stablecoin interest
Circle’s stock, CRCL, surged on Friday from an…
