S&P 5007,764.70▲1.5% Nasdaq27,122.09▲2.3% Dow52,048.83▲0.7% Russell 2K2,875.36▲0.5% 10-Yr4.96%−3bp VIX14.31−0.56 WTI$90.73▼4.1% Gold$4,348.00▼0.7% EUR/USD1.141▼0.4% BTC$85,554▼0.7% Nikkei65,019▲1.4%
At close · Wed, Sep 23, 2026
Daily Market Updates.

Crypto

Home›Crypto›Market Structure›Coinbase and Circle seen as positioned for crypto reco…

Coinbase and Circle seen as positioned for crypto recovery

William Blair says it trimmed its EBITDA estimate for Coinbase and pointed to USDC growth as a key driver for Circle’s next phase.

Reported · Written up by our desk · Market Structure

William Blair sees Coinbase (COIN) and Circle as well positioned for a crypto recovery as industry estimates stabilize, according to The Block.

For Coinbase, the firm highlighted that the stock has risen about 31% and framed it as an “attractive entry” after adjusting its outlook by trimming its EBITDA estimate.

For Circle, The Block said Blair expects momentum to come from USDC growth, which the firm described as the catalyst for the company’s next leg.

← Newer storyBitcoin breaks above $86,500 as crypto market caps top $3 trillion

More like this

CryptoBitcoin and ethereum open near 8-month highs as rallies continue
CryptoBitcoin slips under $86,000 as traders rotate into BCH and ZEC
CryptoBitcoin consolidates near $86,000 as rally narrows and Brent slips
CryptoBitMEX shuts down perpetuals, begins wind down after 11 years
CryptoBitcoin bull market seen as confirmed, with $90K profit-taking risk ahead

Sources

The BlockCoinbase, Circle shares positioned for crypto recovery as estimates stabilize: William Blair

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.