Bitcoin tops $72,000, but Circle and Bullish drop sharply after downgrades
CoinDesk·2h ago·Neutral
What Happened
Bitcoin rose above $72,000 Thursday, reaching its highest level in three weeks, as markets responded positively to U.S.-Iran conflict developments. Circle stock fell 9.9% after Compass Point downgraded it to Sell, citing concerns about margin compression in lower-yield channels. Bullish declined 6.5% following Rosenblatt's downgrade to Neutral. Coinbase also posted significant losses. Analysts attributed cryptocurrency gains to reduced Middle East tensions.
Key Entities
BitcoinCircle (CRCL)Bullish (BLSH)Coinbase (COIN)Compass PointRosenblattUSDCBenjamin NetanyahuSteve WitkoffDonald Trump