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

Eased Middle East tensions pushed crypto prices and U.S. stocks sizable hjigher. 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.(Coindesk)