CRCL Stock Hits 3-Month High – CORZ, RIOT Flop Q4 Earnings, DATs Load Crypto

Crypto-linked stocks rallied on Monday as Bitcoin climbed toward the $70,000 level.

• Circle shares surged to a three-month high, extending their post-earnings momentum.
• Core Scientific and Riot Platforms reported fourth-quarter results that fell short of Wall Street expectations.
• Digital asset treasury firms, including Strategy, Bitmine, and ProCap, announced crypto purchases.

Crypto-linked stocks rallied on Monday as Bitcoin (BTC) held strong amid the U.S.-Iran conflict and climbed towards $70,000. Circle (CRCL) shares led gains among the cohort, touching an over three-month high. 

CRCL’s stock fell more than 2% in overnight trade after jumping more than 15% in the regular session to touch highs last seen in November. On Stocktwits, retail sentiment around the USDC stablecoin issuer remained in ‘extremely bullish’ territory amid ‘extremely high’ levels of chatter over the past day. 

While many users anticipate more gains ahead, others are more cautious about how Circle’s share price will play out over the coming week, given that the stock has been rallying since the company reported an earnings beat last week.

Core Scientific, Riot Platforms Miss Fourth Quarter Earnings

Shares of Core Scientific (CORZ) fell 2.83% on Monday ahead of the company’s fourth quarter (Q4) earnings. The Bitcoin miner posted a loss of $0.18 per share, higher than the $0.12 per share loss that Wall Street had expected. Analysts forecast revenue of $116 million, which came in at $80 million.