Circle Internet Group's stock (CRCL) closed at $83.44, falling 4.32% as investors adopted a cautious stance ahead of the March 1 deadline for the Clarity Act. The bill, now in its final revision stage in Washington, seeks to establish a unified regulatory framework for digital assets in the United States, with a particular focus on stablecoin yield provisions.
Clarity Act Countdown
Lawmakers are working to settle disputes around reward provisions and stablecoin rules before the deadline. Market participants believe clearer regulations could unlock institutional capital that has remained on the sidelines due to uncertainty. Ripple CEO Brad Garlinghouse estimated an 80% probability that the bill will pass by April. XRP price action remains closely tied to regulatory developments.
Geopolitical Risks Fuel Crypto and Metals Rally
Iranian media reported the death of Supreme Leader Ali Khamenei during U.S. and Israeli airstrikes, alongside bombings in the UAE, Bahrain, and Kuwait. These events reshuffled investor positioning across asset classes. Bitcoin climbed to $67,000, gaining 5%; Ethereum held above $2,000; XRP advanced along with other major tokens. Total crypto market value rose 4.92% to $2.31 trillion.
Precious metals also extended strong monthly gains. Gold closed February at $5,278, up 7.83%; silver jumped 10% to $93.76. The simultaneous surge in both risk assets (crypto) and safe havens (gold) reflected the market's complex reaction to geopolitical turmoil.
CRCL Technical Levels
CRCL failed to sustain momentum above $85, which now acts as immediate resistance. A stronger barrier stands near $87.20, aligning with a prior reaction zone. Support rests at $82.50; a break below that level could open the path toward the $80 area.
Circle reported Q4 revenue of $770.23 million and net income of $133.42 million. USDC circulation grew 70% year-over-year, supporting recent share gains. However, CRCL still trades roughly 49% below the average analyst target of $124.56, as regulatory clarity remains pending.