BLK
CRCL
A stock chart with a plot twist
Circle Internet Group is doing that classic market thing where the chart and the business both decide to show up at the same time. CRCL is flirting with a Golden Cross — the 50-day moving average inching above the 200-day — while volume and momentum indicators are rolling over in the bullish direction.
That matters because traders love a clean technical story. It’s the stock-market version of a confidence booster before a big presentation: maybe you still haven’t won the room, but at least your slides finally work.
The real headline: the network keeps getting bigger
The company also reported earnings Monday morning, and the operating numbers are what give the breakout some actual muscle:
- USDC circulation rose 28% year over year to $77 billion
- On-chain transaction volume jumped 263% to $21.5 trillion
- Reserve income climbed 17% year over year
That’s the kind of combo investors like in a crypto infrastructure name: more circulation, more activity, more revenue engine. In other words, Circle isn’t just being traded like a meme-y chart tickers; it’s also starting to behave like a real pick-and-shovel bet on stablecoin adoption.
Why you should care
Circle still sits well below its 52-week high near $299, so the stock has room to run if the market decides the fundamentals and the chart are telling the same story. And when a stock starts looking stronger technically and the underlying network is expanding this fast, traders tend to stop doomscrolling and start paying attention.
BlackRock and other big-name holders showing up in the ownership data only adds a little institutional seasoning to the whole thing. Big picture: CRCL is turning into one of those names where crypto adoption, growth metrics, and market momentum all pile into the same trade.