Circle Surges 10% as Bitcoin Hits $70,000 on Regulatory Optimism

Circle Internet Group shares surged 9.56% to $78.59 in regular trading on Wednesday, as Bitcoin reached $70,000 and Treasury yields fell.

The rally was driven by regulatory optimism ahead of a White House meeting between President Donald Trump and crypto industry executives, where the CLARITY Act was discussed.

Circle issues USDC, one of the largest U.S. dollar-pegged stablecoins, making its performance closely tied to overall crypto market activity and regulatory sentiment.

The Treasury Department's decision to boost its bond-buyback program also contributed to the favorable environment for risk assets, including cryptocurrency.