Circle (CRCL) Bitcoin Correlation

Name: Circle (CRCL) correlation to Bitcoin
Creator: Trade The Cycle

Circle (CRCL) closed at $90 with a correlation to bitcoin of 0.53, which is moderate positive correlation. That figure is measured on 90 days of daily returns as of Aug 26, 2026, and it moves as the window rolls forward.

Circle issues the USDC stablecoin and earns on the reserves backing it, which ties its results to interest rates as much as to crypto prices. It listed in 2025.

Correlation measures whether two prices moved together, not whether one caused the other and not by how much. A company can hold bitcoin and still track it loosely, and a company that holds none can track it closely because both respond to the same conditions.