Coinbase Stock Surges 6%; Circle Dips 4% Post-IPO

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Key Points:

Strong market rally for crypto-exposed equities, Coinbase and Circle lead trends.
Coinbase achieved a new 52-week high.
Circle experiences post-IPO volatility with valuation concerns.

The U.S. stock market opened with the Nasdaq reaching record highs on June 25, 2025. Coinbase’s stock rose about 6%, while Circle experienced a 4% decline.

This shift marks significant institutional focus on cryptocurrency equities, highlighting potential volatility in post-IPO valuations.

Nasdaq Hits Record as Coinbase Soars 6%

Coinbase’s stock increased by about 6%, driven by strong participation in crypto-finance. The Nasdaq 100 set a new intraday record, highlighting robust performance by tech and crypto-adjacent stocks.

This rise follows institutional investments in crypto-exposed equities, notably after Circle’s public debut. Circle’s stock, however, fell approximately 4% amid concerns over its valuation multiples.

“Analysts emphasize Coinbase’s diverse capabilities beyond simply facilitating cryptocurrency transactions.” – Brian Armstrong, Co-founder & CEO, Coinbase

Circle’s 4% Post-IPO Dip Sparks Valuation Debate

Did you know? Analysts draw parallels between Circle’s IPO and Coinbase’s 2021 direct listing, suggesting a potential tech and finance rally.

According to CoinMarketCap, USDC maintains its $1.00 peg with a slight 0.01% decrease over 60 days. The market cap is formatNumber(61781102045, 2), reflecting consistent stability within the stablecoin sector.

usdc-daily-chart-110 — USDC(USDC), daily chart, screenshot on CoinMarketCap at 13:49 UTC on June 25, 2025. *Source: CoinMarketCap*

The Coincu research team anticipates that regulatory developments and institutional trends will shape Circle’s valuation trajectory, considering the company’s transition towards internet finance infrastructure. Jeremy Allaire of Circle highlighted this in saying, “Circle is transitioning from a stablecoin issuer to an infrastructure provider for internet finance… the company is well-positioned, but the speed of [the] recent rally may need a pause.”

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.