$CRCL From the August low of 57 up to 103—the logic isn’t complicated: strong BTC + expected CLARITY + the ARC mainnet going live on the 16th. Three forces pushing at once.
But now it’s awkward: these three positives have either already been realized or are not quite in sight yet. So a pullback isn’t strange—possibly it hasn’t finished falling yet. If you want to buy, wait a bit.
Crypto equities are tied too closely to BTC. Tonight’s Fed interest-rate decision is a major variable. If the rate hike actually lands, it could mean “bad news is out of the way,” leading to a rebound in tech stocks—but BTC may not necessarily follow.
Also, CLARITY is not a “normal” positive for CRCL. Circle is a stablecoin issuer, and the bill continuing to be delayed will affect it more directly. So at this level, I’m willing to wait.
But now it’s awkward: these three positives have either already been realized or are not quite in sight yet. So a pullback isn’t strange—possibly it hasn’t finished falling yet. If you want to buy, wait a bit.
Crypto equities are tied too closely to BTC. Tonight’s Fed interest-rate decision is a major variable. If the rate hike actually lands, it could mean “bad news is out of the way,” leading to a rebound in tech stocks—but BTC may not necessarily follow.
Also, CLARITY is not a “normal” positive for CRCL. Circle is a stablecoin issuer, and the bill continuing to be delayed will affect it more directly. So at this level, I’m willing to wait.
