Investors are ignoring the ceasefire deal, which is now “critical,” and S&P and Nasdaq indices continue to hit fresh highs. Stablecoin giant Circle (NYSE: CRCL) released its Q1 results before the U.S. stock market open yesterday, with the share price jumping nearly 16%. Bitcoin (BTC) is hovering around 82K; digital asset finance company (DAT) is barely up. Strategy (MSTR) is up 4.45% and BitMine (BMNR) is up 3.83%. Both companies also announced continued buying of crypto.
(Circle Q1 earnings miss expectations: USDC in circulation reaches $82k; highlights are Arc and AI agents)
Investors don’t care about the ceasefire deal being “critical,” as U.S. stocks keep setting records
After U.S. President Trump said the ceasefire deal with Iran is “critical,” and rejected Iran’s latest peace proposal, Brent crude closed on Monday above $104 per barrel.
Strong U.S. corporate earnings are driving Wall Street’s latest round of year-end target raises for the S&P 500 index. Investors are betting that corporate profits can sustain this rally, even as tensions in the Middle East remain elevated. Global equity markets have erased losses related to the Iran conflict and climbed to historical highs, largely due to market expectations—especially in Asia, where massive spending in the artificial intelligence sector is expected to support growth in corporate earnings.
Investors will also watch Tuesday morning’s Consumer Price Index (CPI) report to assess the impact of the war on inflation. Goldman Sachs and Bank of America are the latest two among many Wall Street banks to push back rate-cut predictions. They believe both inflation and employment data indicate the Federal Reserve should keep interest rates unchanged at least through year-end.
Circle surges nearly 16%, Strategy continues buying
The crypto market is down 0.55% over the past 24 hours to $2.72 trillion, mainly because earlier outperforming altcoins are taking profits after a strong week of gains.
Stablecoin giant Circle (NYSE: CRCL) released its first-quarter earnings before the U.S. stock market open yesterday. Benefiting from growth in USDC in circulation and expansion in on-chain trading activity, Circle’s total revenue and reserve earnings in Q1 reached $694 million, and its stock price surged nearly 16% yesterday.
Bitcoin is hovering around 82K; digital asset finance company (DAT) is barely up. Strategy (MSTR) is up 4.45% and BitMine (BMNR) is up 3.83%. Last week, Strategy again issued STRC and MSTR, raising $43 million, all of which was used to buy Bitcoin (535 BTC). This brings its holdings to 818,869 BTC. BitMine also added about 30k ETH; it now holds 4.31% of the total Ethereum supply, nearing the “5% holding target” set by chairman Tom Lee.
(Bitmine holdings reach 5.21 million ETH, Tom Lee flags that accumulation may slow)
This article, “Investors don’t care about the ceasefire deal being ‘critical,’ as U.S. stocks keep hitting highs; Circle jumps nearly 16%,” first appeared on Chain News ABMedia.
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