PANews reported on February 21 that on-chain analytics platform 10x Research published an article on its X platform pointing out that crypto concept stocks have recently shown mixed performance. Among them, Circle (CRCL) stock price has risen above the 7-day and 30-day moving averages, showing a bullish signal from a technical perspective, with a gain of about 3.6% in the past week.

On the fundamental front, Circle has entered into a strategic partnership with Polymarket, which will adopt native USDC as its primary settlement asset, further expanding the use of USDC in prediction markets. At the institutional level, Cathie Wood's ARK Invest increased its holdings of CRCL by 218,000 shares during the market correction, worth approximately $13 million, indicating improved institutional confidence. Analysts believe that under the GENIUS Act framework, which promotes more direct inflows of digital dollar reserves into the US Treasury market, Circle may become a major beneficiary.