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

Circle shares pared losses on Wednesday after developments surrounding stablecoins on Capitol Hill sent them tumbling a day before alongside rival Tether’s audit announcement. The New York-based stablecoin issuer’s shares changed hands around $102.50, trimming a 22% decrease on the week, according to Yahoo Finance. Not long after the opening bell on Wednesday, Circle’s stock price jumped to $110 before settling lower. Tuesday’s plunge came as crypto lobbyists mulled changes to market structure legislation ...