Circle, Bitcoin Treasuries Lead Crypto Stock Losses Amid Bitcoin Losses

In brief

  • Circle recovered lost ground on Wednesday after dipping to its lowest price since its June 5 debut but still finished down by more than 9%.
  • Strategy and other treasuries also slumped as crypto prices sagged.
  • Some crypto-related stocks recovered in after after-hours trading after Nvidia posted strong Q3 earnings.

Digital asset-focused stocks plummeted on Wednesday as Bitcoin and other major cryptocurrencies extended their recent slump, even as tech stocks steadied.

Stablecoin issuer Circle closed at $69.72, down nearly 9% after recovering ground lost earlier in the day when it fell below $69, its lowest level since debutick Eng on the New York Stoxchange.

The world’s largest crypto treasury, Strategy, topped a short list of…

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