Stablecoins are decoupling from crypto market cycles as they are increasingly used for digital payments, Bernstein analysts said, which bodes well for USDC issuer Circle.
Circle could rally 60% more on stablecoin adoption, AI agentic finance, Bernstein says
Stablecoins are decoupling from crypto market cycles as they are increasingly used for digital payments, Bernstein analysts said, which bodes well for USDC issuer Circle.
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Blockchain data shows the token has bagged over 1,700 holders in the first 15 minutes after going live.
Nearly $530 million in shorts, or bets on lower prices, booked losses amid a general unwinding of leveraged bets.
After a sharp sell-off Tuesday, crypto markets are stabilizing, though continued dollar strength could extend downside pressure.
Analysts aimed high. The market declined to follow.