Circle's Stock Shows Bullish Signals Amid Strategic Partnerships

Chain analysis platform 10x Research recently highlighted the varied performance of crypto-related stocks. According to PANews, Circle's stock (CRCL) has surpassed its 7-day and 30-day moving averages, indicating bullish technical signals with a weekly increase of approximately 3.6%. On the fundamental side, Circle has entered a strategic partnership with Polymarket, which will use native USDC as its primary settlement asset, expanding USDC's role in prediction markets. Institutional interest is evident as ARK Invest, led by Cathie Wood, increased its holdings by 218,000 shares of CRCL during a market pullback, valued at around $13 million, reflecting growing institutional confidence. Analysts suggest that under the GENIUS Act framework, the digital dollar reserve may more directly flow into the U.S. Treasury market, positioning Circle as a potential major beneficiary of this trend.