🔴 Circle is trading 4% down in pre-market amid crypto weakness

CRCL is trading at $61.29 (-4.13%) in pre-market, extending losses following the January 30 announcements of the Arc roadmap and StableFX expansion.

• The stock previously dropped 5.3% on January 30 following the initial news release, falling from its $63.93 close.
• The decline aligns with broader crypto softness, including BTC (-0.09% since close) and ETH (-2.40%), plus a NASDAQ drop of -1.09%.
• Pre-market sentiment reflects ongoing sector pressure and increased competition from Tether and Fidelity stablecoins.