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Create Content for HTX and Win a Share of 1000U!Community Mega AirdropClaim1,200 USDT in the Monthly Creation Challenge CRCL Crypto Stock Surged as Circle Mints $1B USDC on Solana According to Google 

Create Content for HTX and Win a Share of 1000U!

Claim1,200 USDT in the Monthly Creation Challenge

CRCL Crypto Stock Surged as Circle Mints $1B USDC on Solana

According to Google Finance, CRCL was trading at $99.63 at press time, up more than 6% over the past 24 hours. In pre-market trading, CRCL also surged 3.6%, with its market cap pegged around $23.4 billion.

Circle, the issuer of the USDC stablecoin, is deeply integrated into the altcoin ecosystem. USDC serves as a primary trading pair for many altcoins across decentralized exchanges (DEXs) and DeFi protocols.

During altcoin rebounds, transaction volumes spike, increasing demand for stablecoins like USDC. With Ethereum leading recoveries in the altcoin market, the crypto stock has shown correlated bounces. Additionally, the USDC stablecoin is seeing strong demand and inflows of liquidity into the Solana ecosystem.

Periodically, Circle mints new USDC tokens when users or institutions deposit equivalent USD reserves with it. This is typically done to meet growing demand for stablecoins on a specific blockchain.

As disclosed by Onchain Lens, Circle recently minted $1 billion worth of new USDC directly on Solana in 10 hours.  Such large, fast mints often indicate institutions, or exchanges, depositing fiat to acquire USDC for trading or payments on Solana.




CRCL Crypto Stock Surged as Circle Mints $1B USDC

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Create Content for HTX and Win a Share of 1000U!Community Mega AirdropCrypto analyst Ardi has alluded to Bitcoin’s last cycle to provide insights into when the leading crypto could end its downtrend t

Crypto analyst Ardi has alluded to Bitcoin’s last cycle to provide insights into when the leading crypto could end its downtrend this time around. This comes as BTC continues to show strength amid the rising tensions between the U.S. and Iran.

Analyst Points To Bitcoin’s Last Cycle Bottom For When This Downtrend Could End
In an X post, Ardi noted that during the last cycle bottom, it wasn’t just Bitcoin’s price that found a floor, but that the Open Interest was completely wiped out back then. He highlighted how leverage was reset to zero back then, which was when the real bottom accumulation started. The analyst suggested that BTC may again be on its way to finding a bottom, as the market has already flushed a lot of leverage.

However, he noted that if the last cycle is any guide, the Bitcoin bottom doesn’t form until the speculative excess is almost entirely gone. CoinGlass data shows that leverage in the BTC market remains well above levels recorded at the last cycle’s bottom. Bitcoin’s open interest is currently at $43.86 billion, while the derivatives trading volume is at $87.68 billion.


Source: Chart from Ardi on X
Meanwhile, Ardi also commented on the ongoing war between the U.S. and Iran and how it affects Bitcoin. When asked whether his analysis factored in the war for when a bottom could occur, the analyst stated that BTC’s price has already factored in most of that. He added that the worst phase for price is likely over from a war perspective.

Bitcoin has so far maintained a tight range amid the war between the U.S. and Iran. The leading crypto had climbed to $70,000 earlier in the week but faced significant selling pressure at that psychological price level.

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Crypto analyst Michaël van de Poppe predicted that Bitcoin could rally to between $75,000 and $80,000 this month. The analyst also touched on the current price action, highlighting how

Crypto analyst Ardi has alluded to Bitcoin’s last

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