CRCL is trading at -3.99% now at $61.38, aligning with broader crypto declines following recent volatility from Bitcoin breaking $85,000 support and sparking risk-off sentiment.
- No company-specific news was reported today, suggesting the move is purely market-driven.
- The stock extends a significant 6-month 59% plunge, primarily tied to regulatory concerns and rising expenses.
- Despite ETH being up 1.59% since the last close, overall crypto market pressure continues to weigh heavily on Circle's USDC-related business.