Stock Track | Circle Internet Corp. Plunges 5.09% in Pre-Market as Bitcoin Dips Below $91,000

Stock Track01-20 17:20

Circle Internet Corp. (NYSE: CRCL) saw its shares drop 5.09% in pre-market trading on Tuesday, mirroring a broader decline in crypto-related stocks.

The slump followed Bitcoin's fall below the $91,000 mark, which triggered a sell-off across the sector. Other crypto-linked stocks, including Bitfarms, SharpLink Gaming, and Coinbase, also registered significant losses during the session.

Market analysts attribute the downturn to heightened volatility in the cryptocurrency market, with traders reacting to Bitcoin's price correction. Circle, as a key player in the digital asset space, is particularly sensitive to such fluctuations.

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