2025-6-14 18:35 |
Crypto US stocks are showing mixed signals amid the escalating Iran-Israel conflict, with Circle (CRCL), Galaxy Digital (GLXY), and Riot Platforms (RIOT) all reacting to heightened market volatility. CRCL has surged over 250% since its IPO and is approaching a key resistance at $118.95.
In contrast, GLXY has been down more than 21% since its Nasdaq debut, while RIOT dropped over 9% in the last 24 hours, in tandem with Bitcoin’s pullback.
Circle Internet Group (CRCL)Circle’s USDC stablecoin is now live on the XRP Ledger, marking a major step in cross-chain integration and stablecoin adoption.
The native launch—requiring no bridges—brings USDC directly to XRPL’s fast, low-cost infrastructure, allowing institutions and developers to access liquidity through Circle APIs and Circle Mint.
CRCL Price Analysis. Source: TradingView.Ripple and Circle emphasized their shared focus on regulatory compliance and financial accessibility. Ripple aims to capture 14% of global SWIFT liquidity by 2030.
Meanwhile, Circle’s stock (CRCL) has surged more than 250% since its IPO, riding the momentum from its expanding stablecoin footprint and successful integrations.
Price action is now approaching key technical levels, with resistance at $118.95 in sight—if broken, a push to $123.25 could follow. However, if the support at $106.30 fails, CRCL could retrace to $101.51.
Galaxy Digital (GLXY)Galaxy Digital (GLXY) has struggled to gain momentum since debuting on the Nasdaq, currently down more than 7.4% over the last five days and over 21% since its listing.
Despite this price weakness, Galaxy CEO Mike Novogratz remains deeply bullish on Bitcoin. In a recent CNBC interview, he stated that “Bitcoin will replace gold” and could eventually reach $1,000,000. He described Bitcoin as a fully institutionalized macro asset benefiting from a global shift away from the U.S. dollar.
GLXY Price Analysis. Source: TradingView.Technically, GLXY is nearing a key support zone. If the current downtrend continues, the stock could test $18.27, and a break below that may push it down to $17.99.
On the upside, a reversal could see GLXY retest resistance at $18.77. If that level is cleared with strength, the next targets would be $19.56 and $20.11.
Riot Platforms (RIOT)Riot Platforms (RIOT) has remained active on multiple strategic fronts, despite recent market pressure. The company recently appointed Jonathan Gibbs as its new Director of Data Center, signaling a major step toward expanding its digital infrastructure beyond Bitcoin mining.
With over 15 years of experience and a track record across North America, Europe, and Asia, Gibbs will lead Riot’s push into artificial intelligence and cloud data center markets—an effort backed by a pipeline of 1.7 gigawatts in available power.
At the same time, Riot recently disclosed it reduced its stake in Bitfarms to 14.3%, possibly reallocating resources to fund its long-term pivot toward broader tech infrastructure, including hyperscale data centers and AI-driven platforms.
RIOT Price Analysis. Source: TradingView.Still, RIOT’s stock has taken a sharp hit, dropping more than 9% in the last 24 hours as Bitcoin declined amid rising geopolitical tensions between Israel and Iran.
If sentiment recovers, the stock could rebound toward resistance at $10.86—and if that level breaks, a move toward higher ground may follow.
On the downside, continued weakness could push RIOT toward support at $9.52, and a break below that would expose it to deeper losses near $7.93.
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