Is it 2021 again?
Circle (CRCL) made its debut at Wild Upsy Action on the New York Stock Exchange on Thursday, its shares more than triple compared to the $ 31 IPO. The event was the culmination of a long journey for the stablecoin USDC issuer, who has been continuing an IPO for several years.
For the cryptography industry, it is certainly a victory – a sign of a strong demand for traditional investors and that in the Trump administration, indigenous Crypto companies really have a path to become public.
But the cryptocurrencies themselves were not enthusiastic. Bitcoin
Slipped by more than 2% to $ 102,800, its lowest level in about a month, while the Coindesk 20 (an index of the first 20 cryptocurrencies by market capitalization, with the exception of stablescoins, the same and exchange parts) fell by 3%. The tokens are at the top of the tokens such as Sol, Avx and Aave, all of around 6%.
It is too early to say if the downward trend will persist short, medium or long term, but for veterans in the industry, it is difficult not to see the nuances of another Introduction on the cryptographic stock market – that of Coinbase (Coin), which took place on April 14, 2021 and marked a summit of $ 65,000 then epic of $ 65,000 for Bitcoin. About two months after the start of the room, Bitcoin had plunged almost 60% at around $ 28,000.
A pointed fall rebound in prices had again recommended to relocate this level of $ 65,000, but the sale quickly approached. A brutal bear market committed suicide until the end of 2021 and throughout 2022, with Bitcoin finally at around $ 15,000. Bitcoin would not recover a new record price before March 2024, almost three years after the IPO Coinbase.
Read more: Bitcoin can go to a double top of 2021
