On November 13, Circle Internet Corp. fell 4.23% in Regular Trading, trading at $60.965 per share, with turnover of $163 million.
The move coincided with broader crypto-market weakness, as Bitcoin briefly fell below $70,000 and hit a roughly three-month low, pressuring crypto-linked equities including Circle Internet Corp.
Additional pressure came from fundamentals in the stablecoin market. Recent market data showed total stablecoin supply shrank by about $14.86 billion over the past 30 days, while USDC circulation fell to about $69.89 billion. Investors were also weighing reports that major banks are advancing regulated dollar stablecoin projects, raising competitive concerns around Circle Internet Corp.’s core business. Although the company recently reported quarterly EPS of $0.84 and revenue plus reserve income of $864.9 million above expectations, short-term trading has remained focused on demand softness and industry competition.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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