CRCL is trading at $127.20 (-4.25%) in pre-market as the stock tracks a downturn in major cryptocurrencies and broader market indices.
- BTC fell 2.03% and ETH dropped 1.76% since the last close, pressuring crypto-related stocks like Circle Internet Group.
- Broader market sentiment is weighed down by a hawkish Fed stance and Middle East tensions, with futures down 0.7-0.8% and no company-specific news reported overnight.