How Will Fed Interest Rate Cuts Affect Circle Stock Price?
Circle stock price has crashed in the past few months, moving from a high of $298 in June to $113 today. CRCL is now hovering at its lowest level since June, while its market cap has dropped to $25 billion. This article explores how the Federal Reserve cuts will affect Circle.
Fed Cuts Will Impact Circle Internet
Circle Internet is the second-biggest player in the stablecoin industry after Tether. This is an industry that most analysts expect will have strong growth, especially after Donald Trump signed the GENIUS Act.
Circle’s business resembles that of a bank, but with a major limitation. In a bank, customers deposit funds, which it then monetizes through loans to individuals, companies,…
