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Circle leads crypto stocks higher as stablecoin deal puts critical bill back in play
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)
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