The crypto equity market shows notable growth, with Coinbase stocks hitting a new high while Circle experiences instability post-IPO.
Coinbase Hits Record High
On June 25, 2025, the U.S. stock market opened with Coinbase's stock rising about 6%, driven by strong participation in crypto-finance. The Nasdaq 100 set a new record, highlighting the strong performance of technology and crypto-adjacent stocks.
Circle’s Post-IPO Dip
In contrast, Circle’s stock fell approximately 4% following its public debut, raising concerns over its valuation. Analysts draw parallels between Circle’s IPO and Coinbase’s direct listing in 2021, suggesting a potential tech and finance rally. USDC's figures remain stable, maintaining its peg to the U.S. dollar.
Outlook and Risks for the Crypto Market
Analysts anticipate that regulatory developments and institutional trends will shape Circle's valuation trajectory. Jeremy Allaire of Circle noted the company’s shift from stablecoin issuer to infrastructure provider for internet finance.
The rise of Coinbase's stocks and the volatility of Circle highlight the changing nature of the cryptocurrency market. Institutional investments continue to significantly influence this field.
