Trump's Crypto Meeting Fuels Bitcoin Rally — USDC Issuer Circle's Stock Also Trends After Hours

Circle Internet Group Inc. ) shares are trending on Thursday.Shares of the New York-based fintech company jumped 2.37% to $80.45 after the bell Wednesday.In the regular session, CRCL climbed 9.56% to $78.59, according to Benzinga Pro data.The stock move came as a broad rally swept crypto-linked names, fueled by falling Treasury yields and optimism ahead of a between President Donald Trump and crypto industry executives.Treasury Buyback Pulls Yields LowerThe Treasury Department is boosting its bond-buyback program, raising the floor on .That shift pulled the 30-year yield down to about 5.2% and the 10-year to 4.65%.Bitcoin surged nearly 8% to touch $70,000 on Wednesday, its highest level since early June, as part of the same rally that lifted crypto-linked stocks, including Circle.Trump-Crypto Meeting Lifts SentimentTrump’s planned White House meeting, following the Securities and Exchange Commission‘s abrupt cancellation of a related session, raised hopes for legislative clarity via the CLARITY Act.At the summit, Trump has urged Congress to pass the CLARITY Act, calling it structured legislation that would keep the U.S. ahead of China.Circle issues USDC (CRYPTO: USDC), one of the largest U.S. dollar-pegged stablecoins, so the company’s performance is closely tied to overall crypto market activity and regulatory sentiment. With its business built on crypto infrastructure, Circle stock is directly benefiting from the renewed industry-wide momentum.Trading Metrics, Technical AnalysisCircle Internet Group has a market capitalization of $19.95 billion. Its stock has traded between a 52-week high of $159.47 and a 52-week low of $49.90.CRCL’s Relative Strength Index (RSI) stands at 61.76.Over the past 12 months, the share price has declined by 42.97%.The mid-cap stock is currently trading in the lower portion of its 52-week range, at 26.2% of the way between its 52-week low and high.Benzinga’s Edge Stock Rankings indicate that CRCL is experiencing short-term upward movement along with medium and long-term consolidation.https://www.benzinga.com/quote/CRCLDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Read Also: BTC Digital Stock Soars Over 111% After-Hours, BitMine Shares Trending as Bitcoin and Ethereum Regain Their Mojo Photo: bella1105 / Shutterstock