Circle Internet Group (CRCL) shares dropped 3.96% to $60.65 following a 'Strong Sell' downgrade from Zacks Research. The decline comes as the White House holds pivotal cryptocurrency discussions ahead of the looming CLARITY Act deadline.

  • Investor sentiment remains cautious due to stagnant market share and the upcoming February 25 earnings report.
  • The sell-off was further fueled by hawkish Federal Reserve minutes and a general downturn in digital asset prices.
  • While USDC circulation has increased, it was not enough to offset broader macroeconomic and regulatory concerns.