CRCL shares remain 66% below their June 2025 high despite Cathie Wood’s Ark Invest increasing its stake amid a crypto market downturn.
Circle Internet Group (CRCL) stock has fallen to $91, down 66% from its June 23, 2025, record high of $263.45. The decline mirrors a broader crypto market pullback, with digital assets down over 50% from their October 2025 peak. Circle, issuer of the USDC stablecoin, went public in June 2025 at $31 per share and briefly surged before retreating to a $22.5 billion market cap.
The stock’s rapid ascent and subsequent drop reflect shifting sentiment in digital assets. USDC, a stablecoin pegged 1:1 to the U.S. dollar, positions Circle as a key infrastructure player rather than a speculative bet. Despite the downturn, Ark Invest’s Cathie Wood has continued buying CRCL, making it one of her firm’s largest holdings.
Market reaction has been muted, with traders weighing Wood’s conviction against broader crypto volatility. The stock’s performance remains tied to stablecoin adoption and regulatory developments in digital assets.