Crypto Stocks Surge! Circle Jumps 13%, Hits New All-Time High
TradingKey – Crypto-related stocks rallied, with Circle (CRCL) soaring 13%, setting a new record high ahead of the GENIUS Act vote.
On Monday, crypto stocks saw broad gains:
- Coinbase (COIN) climbed nearly 8%,
- Bakkt (BKKT) rose over 6%,
- Canaan (CAN) and Hut 8 Mining gained more than 5%.
The standout performer was Circle (CRCL), which surged 13% intraday, reaching a peak of $165, marking its highest level since going public. Circle debuted on June 4 at $69 per share, and has since gained approximately 140%.
On Tuesday, the U.S. Senate will hold its final vote on the Stablecoin National Innovation Guidance Act (GENIUS). Market analysts expect the outcome to trigger significant volatility in crypto stocks, particularly stablecoin-related equities.
Meanwhile, Hong Kong has already passed its stablecoin legislation, and South Korea is advancing its own regulatory framework. Given the U.S. strategic interest in stablecoin competitiveness, the GENIUS Act is widely expected to pass.
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