Cathie Wood's favorite crypto stock is still down 66% from record highs

Circle Internet Group's stock, once a Wall Street breakout, is down 66% from its all-time high. Cathie Wood continues to hold the stock among her largest holdings despite the decline. The company is not a meme coin or mining play. It became a crypto market bellwether due to its rapid rise and early success. The stock's performance reflects broader crypto market trends.