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Matrixport: Circle's valuation exceeds $60 billion, and the market's focus is shifting to core crypto infrastructure companies such as stablecoin issuers

Matrixport's daily chart analysis shows that Circle's latest valuation has reached $60 billion, almost equal to its circulating USD supply ($61.2 billion), and has remained stable over the past three months. In comparison, Coinbase's current market value is $78.3 billion. The contrast between the two reflects a shift in market focus from diversified trading platforms to core crypto infrastructure companies such as stablecoin issuers.

Regardless of the final valuation, one trend is becoming increasingly clear: capital is flowing rapidly towards infrastructure-focused crypto companies. The recent wave of IPOs once again confirms the continued influx of institutional funds. We believe this is one of the factors supporting the potential strength of Bitcoin this year, even if short-term consolidation is not yet over.

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