Circle Internet Group Inc. Soars 9.41% as Bitcoin Breaks Above $71,000

Circle Internet Group Inc., the parent company of stablecoin issuer Circle, saw its shares surge by 9.41% in premarket trading as Bitcoin broke above $71,000.

The move comes on the heels of a meeting between Trump and crypto executives, which boosted sentiment towards cryptocurrency-linked stocks like CRCL.

Circle's strong fundamentals, including a profitable quarter with $701.3M in total revenue and a 15% profit margin, have also contributed to the company's momentum.

Active traders are treating CRCL as a high-beta proxy on Bitcoin and U.S. policy hopes, with the stock tending to stay bid when Bitcoin holds above $70,000 and regulatory tone stays warm.