ChainCatcher report, according to Cointelegraph, Bernstein analysts note signs of "digital dollar re-inflation" as USDC's supply surged by $2 billion over seven days. Institutions maintain an Outperform rating on Circle (CRCL) with a price target of $140, highlighting that USDC's trading volume share has now surpassed USDT.
Bernstein Maintains $140 Price Target for Circle Amid USDC Recovery
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Summary
Bernstein maintains a $140 price target for Circle as USDC supply increases by $2 billion in a week. The firm highlights the recovery of USDC’s volume share relative to USDT as a key factor. Crypto price trends show signs of digital dollar reflation. Price analysis from ChainCatcher supports the firm’s outperform rating for CRCL.
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