Circle shares jump 9.47% as Treasury buybacks and Trump crypto meeting lift sentiment

Circle Internet Group Inc. (NYSE:CRCL) shares rose 9.47% to $78.52 on Wednesday, according to Benzinga Pro, as crypto-linked stocks rallied. The move followed lower Treasury yields after the Treasury Department increased the minimum size of each long-dated bond-buyback operation to $4 billion when the new plan begins in September. The program involves repurchasing older, longer-dated bonds while financing the purchases through short-term Treasury bill issuance, reducing the amount of long-term debt in circulation and increasing short-term supply. The 30-year Treasury yield, which had reached its highest level since 2007 a day earlier, fell to about 5.2%, while the 10-year yield moved closer to 4.65%. The dollar declined roughly 0.8% against a basket of currencies. Traders also interpreted the larger buybacks as a possible form of monetary easing, a backdrop that has historically supported strong Bitcoin rallies. Sentiment received an additional lift from President Donald Trump's planned Wednesday meeting with crypto industry executives at the White House. The meeting followed the SEC's cancellation of a session on regulatory flexibility for digital assets that had been scheduled for the previous Friday. Milk Road analyst John Gillan said the gathering could signal that the administration favors negotiating a legislative compromise on the CLARITY Act rather than leaving digital-asset policy entirely to the SEC. Circle's business is built around infrastructure for crypto-based digital assets, making its shares particularly sensitive to broad market activity and renewed interest in the sector.

当サイトの情報はAIを用いて生成されており、正確性を保証するものではありません。 参考情報としてご活用ください。