Circle Selloff 'Looks Overdone' Analysts Say as Shares Rise After Cathie Wood Buys the Dip

25 Mar, 19:03
Source: Decrypt

AI Summary

Circle shares rebounded after analysts called the selloff overdone and Cathie Wood purchased shares, signaling institutional confidence in the stablecoin issuer.

Analysts argued that Circle's selloff was overblown after shares fell Tuesday amid crypto bill developments and a stablecoin rival's moves.