CRCL is trading at $58.08 (-3.26%) as the stock pulls back from yesterday's 6.02% gain sparked by an ARK Invest stake increase.
- The decline follows a broader downturn in the crypto market, with BTC falling 1.54% and XRP dropping 2.31% since the last close.
- Broader sentiment is also pressured by a 0.41% dip in the Nasdaq and lingering impact from Wolfe Research's dated price target cut to $40.