Circle Internet Group (CRCL) shares collapsed 8.74% on February 5, driven by a widespread "crypto rout" and broader macroeconomic anxiety, which overshadowed a positive operational announcement.
- The stock closed at $50.24 following the steep decline, which marked the fourth consecutive session of losses for the digital asset-related stock.
- The severe price action overshadowed the announcement that Circle partnered with Polymarket to adopt the USDC stablecoin.