Global Stock News

Circle Internet Stock Slides 11% as Arc Launch Puts $83 Support in Focus

Circle Internet Stock Slides 11% as Arc Launch Puts $83 Support in Focus

TradingKey – Circle Internet enters September 16 with the latest completed close around $86.30-$86.33 on September 15, down about 11.4%, after hitting an intraday low around $84.80-$84.81. The stock was selling off following the failure of the U.S. Senate to advance the CLARITY Act. The markets two biggest events today have the potential to move Circle stock, both being Arc’s scheduled public mainnet launch and a possible Fed announcement that will have direct effect on Reserve income economics. CRCL remains below $89.74 after having been rejected from $103.60; $83.00 is the next downside test.

CLARITY Act Failure Hit Sentiment, Not the Stablecoin Framework

The failure of the CLARITY Act occurred when the U.S. Senate failed to advance the…

Source link

Share this article

Scroll to Top