Circle’s stock has experienced a significant surge, nearly quadrupling its initial public offering (IPO) price of $31 shortly after its debut on the New York Stock Exchange. Within just two days of trading, the stock reached a high of $123.51, highlighting robust investor interest and a market capitalization that soared to $21.7 billion. The increase in Circle's share price coincided with Bitcoin's rebound, which also crossed the $105,000 mark, suggesting a correlation between the two assets' performances. While some analysts express optimism about Circle’s stock, concerns linger over the company’s revenue model, which heavily relies on interest earned from cash backing its stablecoins. Critics advise potential investors to wait until after the lock-up period ends to better assess the stock's stability and value, as this could lead to increased selling pressure. Overall, the reactions to Circle’s market entry reflect both excitement and caution among investors regarding its future prospects and the broader cryptocurrency market dynamics.

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