Circle shares fall to $83 despite Arc blockchain launch with BlackRock and Visa
- —CRCL trades at $83, down 3.88% on the day and 10% since September 15
- —Arc launched with 100+ institutions, 700 million transactions processed before mainnet
- —Analysts see support at the 200-day SMA of $85, risk of a drop to $80 and $70
- —RSI fell from 60 to 49 in two days, selling pressure highest since July 10
Why it matters: The Arc launch failed to offset regulatory uncertainty: CRCL's performance will show whether investors are ready to value Circle's infrastructure separately from CLARITY Act risks.
Source: CoinGape