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Circle Internet’s (CRCL) Shares Down Significantly After Jim Cramer Called It A Short Squeeze
Yahoo Finance· 2026-03-31 11:56
Group 1 - Circle Internet Group (NYSE:CRCL) is a stablecoin and blockchain software infrastructure provider, with shares up by 10.5% since its public listing last year [1] - The stock surged over 200% following the IPO but has since declined by 65% from its peak [1] - In 2026, the stock has experienced volatility, with a notable 25% increase on February 25th after reporting $770 million in revenue and reserve income, exceeding analyst estimates [1] - On March 30th, shares fell 20% due to concerns that regulatory changes could limit the firm's ability to offer yields on stablecoin deposits [1] - Jim Cramer referred to Circle Internet Group's stock as a short squeeze, advising investors to sell 50% of their position [1] Group 2 - The potential of CRCL as an investment is acknowledged, but certain AI stocks are believed to offer greater upside potential with less downside risk [2]