10x Research: Circle's position above short- and medium-term moving averages, USDC ecosystem expansion and institutional accumulation boost the trend

DeepFlowTech · 2026-02-21T09:38:26+00:00

According to 10x Research's analysis, Circle (CRCL) has recently shown a positive stock performance, with a bullish technical outlook and an increase of approximately 3.6%. Its strategic partnership with Polymarket is driving the application of USDC in prediction markets. Institutional investors are also showing confidence, with ARK Invest increasing its holdings of CRCL, indicating optimism about its future potential.

DeepFlowTech

2026-02-21 09:38:26

Abstract generation in progress

Deep Tide TechFlow News, February 21, 2024: Cryptocurrency research firm 10x Research posted on X platform that recent performance of crypto concept stocks has been divergent, with Circle (CRCL) stock price already above the 7-day and 30-day moving averages, indicating a bullish technical signal, with a gain of approximately 3.6% over the past week.

On the fundamentals side, Circle has formed a strategic partnership with Polymarket, which will adopt native USDC as the primary settlement asset, further expanding the use of USDC in prediction markets. At the institutional level, Cathie Wood’s ARK Invest increased its holdings by 218,000 shares of CRCL during the market correction, worth about $13 million, demonstrating growing institutional confidence. Analysts believe that under the GENIUS Act framework, promoting digital dollar reserves to flow more directly into the U.S. Treasury market, Circle could become a major beneficiary of this trend.

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