🔴 CRCL is trading 5.3% down today as rising Treasury yields and a weak crypto tape weigh on fintech

CRCL is trading 5.3% down at $107.92 as rising Treasury yields hit growth-heavy fintech names and a weaker crypto market adds pressure.

• Crypto-linked equities are tracking a decline in major tokens, with Bitcoin down 2.36% and Ethereum down 3.97% since the previous close.
• The move aligns with a broader risk-off sentiment in the market, as the Nasdaq drops 1.33% and the S&P 500 falls 0.63%.
• Macro rate pressure remains the primary driver for the decline rather than company-specific news, following reports of similar drops across the sector as yields spiked.