Why Circle’s 20% Crash Might Be a Massive Bull Trap
Circle Internet Group (CRCL) dropped 20% on March 24 after the Clarity Act’s draft language banned passive stablecoin yield, erasing an estimated $4. 6 billion in market value. The sell-off hit as three forces converged on Circle simultaneously. A yield ban rattled investors, rival Tether (USDT) announced a Big Four audit, and 16 USDC business wallets were frozen
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