How Circle Internet Group Stock Lost 45% Last Month

Bitcoin fell amid a risk-off mood and turbulence tied to Strategy’s tiny Bitcoin sale, while the broader crypto sector remained fragile. The article argues that BTC’s weakness helped pressure Circle Internet Group, whose stock dropped 44.6% in June and 17.6% on the month’s final trading day. Circle’s core USDC business is also facing a new competitive threat from Open USD, a stablecoin initiative backed by major financial and tech firms. In addition, Circle was removed from five Russell indexes, which likely reduced passive fund demand. Despite these setbacks, USDC still holds about 26% of the stablecoin market and benefits from regulatory clarity and a reputation for transparency. Overall, the piece paints a cautious outlook for Circle and the crypto complex: Bitcoin volatility is still driving sentiment, and the emergence of well-funded rivals could erode Circle’s moat.