Circle (CRCL) shares rose nearly 5% on Friday to $66.14 after U.S. regulators approved its national trust bank. However, according to BeInCrypto, the stock is still down about 20% this year and technical signals remain bearish, including a head-and-shoulders breakdown from late June and a negative Chaikin Money Flow reading of -0.38.
BeInCrypto said stablecoin competition is also intensifying, citing Open USD (OUSD) launching on June 30 with support from more than 140 firms and Global Dollar (USDG) supply rising 108% over six months as USDC market cap slipped 3.3%. Robert W. Baird kept a Buy on July 13 but cut its target to $100 from $138.
Circle Shares Rise Nearly 5% After U.S. Regulators Approve National Trust Bank
2026-07-13 20:33:08
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