CRCL is trading at $82.21 (-3.11%) amid a pullback in major cryptocurrencies, with BTC down 1% and ETH down 1.97%, aligning with its high correlation as a USDC issuer.
- The modest decline occurs despite no company-specific news today.
- Recent weakness is attributed to weakening reserve yields and the broader crypto tumble.
- The stock is also facing pressure from ongoing insider selling, while the broader Nasdaq is up 0.25%.