US Stock Market Move | Circle (CRCL.US) surged over 7% as Bitwise claims investors are seriously underestimating its growth opportunities.

On Tuesday, Circle (CRCL.US) saw its stock price rise, up over 7% to $72 at the time of publication. In news, Bitwise Research Director Ryan Rasmussen stated that as the stablecoin market expands to a multi-trillion-dollar scale, investors are underestimating Circle's growth opportunities. He predicts that the stablecoin market size will grow from the current approximately $300 billion to between $3 trillion and $5 trillion, and believes that as the regulatory framework for U.S. stablecoins takes shape, Circle has already established a first-mover advantage with its existing market share.