TradingKey – Circle has shattered records in both price and trading volume, with analysts at Barclays suggesting that the passage of the GENIUS Act could further boost the company’s revenue.
On Wednesday, June 18, Circle surged nearly 34%, marking its largest single-day gain since going public. With an IPO price of $31, the stock has now climbed more than 545%.
Circle also broke multiple records during the session:
- The stock briefly crossed the $200 mark, peaking at $200.90, a new all-time high.
- Trading volume exceeded 63 million shares, surpassing the previous record of 60.7 million shares set on its second day of trading.
According to Barclays analysts, if President Trump signs the GENIUS stablecoin bill into law later this year, it could unlock new growth for the stablecoin sector and significantly boost revenue for infrastructure players like Circle and Coinbase (COIN).
Find out more
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.