US Stock Movement | Circle (CRCL.US) rises over 7%, Bitwise claims investors seriously underestimate its growth opportunities.

According to Zhito Finance APP, on Tuesday, the stock price of Circle (CRCL.US) rose, with the stock increasing by over 7% to reach $72 as of the time of this report. On the news front, Bitwise's research director Ryan Rasmussen stated that as the stablecoin market expands to a scale of trillions of dollars, 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 with the gradual formation of a stablecoin regulatory framework in the U.S., Circle has already gained a first-mover advantage due to its existing market share.