StocksMedium•5 November 2026•
1 min read
Circle, Coinbase, and Strategy Shares Slump as Bitcoin Prices Reverse
Key Facts
1Circle stock sank 12% to $67 despite fresh positive news for the stablecoin issuer.
2Coinbase and Strategy shares tumbled 10% following a sharp reversal in Bitcoin prices.
Circle stock sank 12% to $67 despite the company reporting positive quarterly results and receiving a fresh analyst upgrade. 247wallst.com reported that shares of Coinbase and Strategy also tumbled 10% following a sharp reversal in Bitcoin prices, which outweighed company-specific developments across the sector.
Circle closed at $76.12 on November 4, 2026, while Coinbase closed at $151.5 and Strategy closed at $142.54 on the same date. The sell-off occurred even as Circle reported Q3 earnings per share of $0.84, beating the $0.38 consensus, and Compass Point upgraded the stock to Buy on November 5, 2026, with a $99 price target.