Bitcoin tops $72,000, but Circle and Bullish drop sharply after downgrades

Bitcoin tops $72,000, but Circle and Bullish drop sharply after downgrades

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin tops $72,000, but Circle and Bullish drop sharply after downgradesEased Middle East tensions pushed crypto prices and U.S. stocks sizable hjigher.By Helene Braun|Edited by Stephen Alpher Apr 9, 2026, 9:10 p.m. Make preferred on (Michael M. Santiago/Getty Images)What to know: Circle dropped 10% after Compass Point downgraded the stock to Sell, warning that USDC growth is shifting to lower-margin platforms and that profit forecasts for 2026 and 2027 may be too optimistic.Bullish slid 6% after Rosenblatt cut its rating to Neutral on valuation concerns, saying the exchange now trades at a premium to peers and faces pressure as crypto activity cools and IPO-related revenue tailwinds fade.Crypto prices and U.S. stocks rallied Thursday

Source: https://www.coindesk.com/markets/2026/04/09/bitcoin-tops-usd72-000-but-circle-and-bullish-drop-sharply-after-downgrades