From Yahoo Finance: 2025-06-05 17:31:00

Major stocks took a hit as Circle Internet Group (CRCL) debuted on the NYSE, with CRCL opening at $69, 124% higher than its IPO price. Crypto giants like Michael Saylor’s MSTR, Coinbase (COIN), and miners like MARA, HUT, and RIOT saw declines, with only Robinhood (HOOD) gaining.

CRCL stock surged to $87.14, up 181%, while the crypto market cap dipped 1.92% to $3.25 trillion. Bitcoin was trading at $103,242.20, down 1.7%. The overall trend saw most crypto stocks experiencing losses, except for Robinhood, which showed a positive uptick amidst the chaos.

Read more: Major stocks tank against Circle’s spectacular NYSE debut