🔴 CRCL is trading 3.16% down today tracking a broader crypto pullback

CRCL is trading at $57.86 (-3.16%) tracking a broader crypto pullback and lingering pressure from a recent share offering.

• The stock continues to face headwinds following a 6% drop on February 10 triggered by the announcement of a 10 million share public offering.
• The decline aligns with a wider market downturn, with BTC and ETH falling 2.44% and 2.47% respectively since the last close.
• Analysts highlight ongoing bearish pressures including rising operating expenses, stiff competition, and concerns regarding reserve yields.