Circle leads crypto stocks higher as stablecoin deal puts critical bill back in play
From morningstar.com
Stablecoin company Circle led gains in crypto stocks on Monday as investors cheered progress on a long-stalled crypto bill. Bitcoin (BTCUSD) briefly pushed above $80,000 for the first time since January, helping to lift shares of crypto-linked companies, even as the broader equity market fell. Stablecoins are a type of cryptocurrency with value tied to another asset. They are often pegged one-to-one to the U.S. dollar. Circle issues USDC (USDCUSD), one of the world's largest dollar-pegged stablecoins. Circle's shares (CRCL) jumped 19.9% on Monday to close at $119.53, its highest level since March 23, and crypto ...
(full story)