$CRCL PLUMMETS 17% TO ALL-TIME LOW — WHAT HAPPENED? 🔥
Circle’s stock just got wrecked, closing at $62.63 — a fresh historical low after a 17.55% single-day drop. The catalyst? Open Standard announced a new stablecoin backed by Visa, BlackRock, and Coinbase, plus Russell Index removal is forcing passive funds to dump shares.
The massive industry backing for Open USD (2026 launch) signals a shift in the stablecoin landscape. Meanwhile, mechanical selling from index rebalancing adds short-term pressure. Volume spiked hard on Tuesday — smart money or panic?
Not financial advice. Always manage your risk.
#CRCL #StablecoinNews #CryptoStocks #RussellIndex #Trading 🔥