🔴 Circle Internet Group is trading 5% down in pre-market amid crypto selling and lower Nasdaq futures

Circle Internet Group is trading at $85.38, down 4.83% in pre-market, amid weaker crypto markets and lower U.S. futures.

• Bitcoin is down 2.77% and Ethereum 2.93% since their last closes; reports describe broad crypto selling pressure.
• U.S. futures are lower, with the Nasdaq down 1.75% in the supplied market context.
• The OCC’s stablecoin rule announcement was a positive catalyst on October 21, but does not explain this morning’s decline.