CRCL is trading at $82.81 (-5.05%) in pre-market as sharp declines in major cryptocurrencies like BTC and ETH pressure crypto-related equities.
- The drop follows a 35% surge after a February 25 earnings beat, though analysts warn that valuation and interest rate concerns may limit further upside.
- Shares are also facing pressure from recent lock-up expirations and a Mizuho Underperform rating with an $85 price target.