Circle stock price is in a strong bull run this month, reaching its highest level since November last year, and this trend may continue as the market capitalization of the USDC stablecoin nears an $80 billion milestone.
‘Strong’ is a relative term in the world of finance, where ‘strong’ can mean ‘screaming into a void and hoping for a response’).
CRCL stock jumped to $122.55, up by 147% from its lowest point this year, with its market capitalization jumping to over $30 billion. (For context, that’s like finding out your pet goldfish has become a billionaire).
There are signs that Circle’s business is thriving as demand for its stablecoin jumps. The supply of all USD Coin (USDC) tokens has jumped to over $79.8 billion, a $10 billion increase from the lowest point last month. (Because nothing says ‘thriving business’ like a $10 billion jump in a month. Or maybe that’s just the universe’s way of saying ‘you’re doing great, keep it up’).
More data shows that USDC has become the most used stablecoin in the industry. Its volume jumped to nearly $6 trillion in the last 30 days, much higher than USDT’s $1.1 trillion. (For those keeping score, that’s like comparing a single drop of water to the entire ocean, but with more financial jargon).
Soaring USDC supply is important for Circle because of its business model. It makes most of its revenue by investing its USDC holdings into short-term government bonds, which are now yielding about 3.5%. (Because nothing says ‘profit’ like lending money to the government and hoping they pay you back with interest. Also, the Fed’s not cutting rates because of the Iran war, which is pushing inflation higher. Because nothing says ‘economic stability’ like a war in the Middle East and soaring energy prices).
The most recent numbers showed that Circle’s business continued thriving in the last quarter of last year, with its revenue rising by 77% to $770 million and its EBITDA moving to $167 million. (For those who think that’s impressive, remember that in the world of finance, even a 77% increase can be considered a ‘slow day at the office’).
In addition to this, Circle Payment Network is seeing more user adoption as it has gained 55 partners, and more are coming up. This solution has the ability to disrupt the Swift Network, which moves trillions of dollars annually. It leverages the USDC stablecoin to save money and ensure instant payouts. (Because nothing says ‘disruptive tech’ like using a stablecoin to move money faster than a snail on a treadmill).
Circle stock price prediction: Technical analysis
The daily chart shows that the CRCL stock price has rebounded this month. It has already jumped above the 23.6%Fibonacci Retracement level, which is drawn by connecting its highest and lowest levels on record. (Because nothing says ‘technical analysis’ like a graph that looks like a rollercoaster and a bunch of numbers that make sense to no one except the people who made them).
The stock has jumped above the 50-day Exponential Moving Average, while the Supertrend indicator has turned green. The Average Directional Index has moved to 40, a sign that the upward momentum is accelerating. (Because nothing says ‘upward momentum’ like a graph that looks like a rocket ship and a bunch of numbers that make sense to no one except the people who made them).
Therefore, the stock will likely continue rising as bulls target the 50% Fibonacci Retracement level at $174, which is about 45% above the current level. (Because nothing says ‘confidence’ like a number that makes your calculator question its life choices).
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2026-03-11 17:58