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Circle Crashes 17.55% — Is Bitcoin Below $60K a Buying Opportunity?
Circle plunged 17.55% today after Stripe, Visa, and BlackRock jointly backed a new open USD stablecoin, directly challenging Tether and Circle's USDC for market dominance. The stablecoin sector had only just attracted renewed enthusiasm following regulatory clarity via the CLARITY Act — now major incumbents are building competing products, dealing a frontal blow to Circle's moat. Is this selloff an overshooting opportunity to buy the dip, or the beginning of a fundamental shift in the sector's leadership thesis?
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