CRCL is trading at $65.23 (-3.4%) as the broader crypto market experiences a significant downturn, driven by Bitcoin hitting two-month lows below $85,000.
- The sharp drop sparked $1.68B in liquidations across the sector, with BTC down 1.03% and ETH down 2.53% since the last close.
- Market volatility is exacerbated by ongoing Fed Chair speculation and U.S.-Iran tensions.
- Despite no fresh company news, CRCL faces ongoing internal pressures from insider selling and valuation concerns, aligning with the current risk-off sentiment.