Circle Stock Hits Record $176 After Senate Passes GENIUS Act Bill
Circle stock surged 16 percent in one day to reach a brand-new all-time high of $176. The rally followed the senate’s passage of the GENIUS Act with strong bipartisan support. Trading volumes for Circle stock increased significantly as investor interest rose after the vote. Despite Ark Invest selling over 300,000 shares, Circle stock continued to gain momentum. Since its IPO, Circle stock has risen by 452%, exceeding Wall Street expectations. Circle stock (CRCL) hit a new all-time high following increased investor confidence after the US Senate passed the GENIUS Act. Trading volume rose as buyers reacted to the regulatory clarity offered by the Senate’s definitive 68-30 vote. The bill has sustained interest across the stablecoin sector, lifting numerous crypto-related stocks.
Circle Stock Exceeds Wall Street Forecasts
Circle stock rose 16% in 24 hours, reaching a record high of $176 during Wednesday’s trading session. Investors pushed prices from a session low of $148, with volumes rising in line with market interest. The rally continued despite significant fund movements, reflecting resilient demand across retail and institutional segments. Despite Ark Invest selling more than 300,000 Circle stock shares across two of its funds, CRCL closed higher by 13%. This performance highlights market optimism surrounding Circle’s regulatory outlook and business fundamentals. Traders remained bullish, citing the Senate’s vote as a pivotal development for the stablecoin sector. CRCL initially opened at $69 on its debut and ended that session at $83.23, well above the $31 IPO price. Since listing, CRCL has climbed by 452%, far surpassing early Wall Street forecasts. With demand rising, analysts are recalibrating expectations around Circle’s valuation and long-term market role.
GENIUS Act Triggers Broader Stablecoin Sector Rally
The GENIUS Act vote triggered sharp gains in stocks tied to stablecoin companies and crypto-asset platforms. Ripple, Gemini, and Coinbase reacted positively, with Coinbase stock advancing by 11% during the same session. The legislation sparked renewed optimism about the future of stablecoins in the United States. The bipartisan support of the GENIUS Act highlighted growing political consensus on stablecoin regulation. Market participants interpreted the vote as a strong signal of legal support for blockchain finance. This backdrop contributed to bullish sentiment that benefited CRCL and peer firms alike. Tether also minted one billion USDT on Ethereum, further fueling speculation about future stablecoin growth. However, Circle stock stood out with its leading role in the rally. As momentum builds, attention remains on how the market will respond to the GENIUS Act’s passage.
