US crypto concept stocks rise broadly

Among them: CRCL is up 7.04%, MARA is up 1.35%, COIN is up 1.18%, MSTR is up 0.17%, and RIOT is up 5.31%.

On the news front: itwise research director Ryan Rasmussen said that as the stablecoin market expands to tens of trillions of dollars, investors are underestimating Circle’s growth opportunities.

He expects the size of the stablecoin market to grow from roughly $300 billion currently to $3 trillion to $5 trillion, and believes that as the US stablecoin regulatory framework gradually takes shape, Circle has already gained a first-mover advantage thanks to its existing market share.$CRCL $COIN $MSTR