Shares of Circle Internet Group (CRCL) dropped 5.36% to close at $63.93 on January 30, driven by wider market uncertainty and a significant collapse in crypto prices.
- The decline correlated with Bitcoin breaking below the critical $85,000 support level, triggering extensive forced liquidations across the digital asset market.
- Risk aversion was heightened following the nomination of Kevin Warsh as the next Federal Reserve Chair.