Circle shares fell to $80.19 as jobless claims beat forecasts and crypto liquidations topped $400 million
Circle shares fell 0.80% to $80.19 on October 8 as US initial jobless claims came in at 197,000 against a 200,000 forecast, with crypto liquidations above $400 million.
Why it matters
Circle's shares moved on a weekly labour print and on crypto liquidation totals rather than on anything in its own operations, so the significance of the session itself is limited. The SAP and Tereina integration is the thread with longer consequences, putting USDC and EURC payments into enterprise software workflows, and both outlets describe that work as still to come.
Where the sources disagree
Reason given for the CRCL decline
October 7 drop of 4.13% attributed to crypto losses overshadowing SAP Pay expansion
CoinGape
October 8 slip of 0.80% coincided with below-forecast jobless claims, with premarket pressure attributed to Bitcoin falling below $83,000 and Iran strike reports
CoinGape, Crypto.News, Crypto News (CryptoNews.net)
CoinGape blamed the October 7 fall on crypto losses outweighing the SAP Pay expansion, while the October 8 coverage links the slip to the below-forecast claims release and, through a Stocktwits report, to reports that the White House had requested military strike options against Iran.
Key facts
The Labor Department reported 197,000 initial jobless claims for the week ending October 3, below the 200,000 forecast.
197,000Reported by CoinGape
The previous week's initial claims reading was revised from 197,000 to 199,000.
199,000Reported by CoinGape
CoinGlass data showed more than $400 million in crypto liquidations over the preceding 24 hours.
400,000,000 USDReported by CoinGape
Circle and Tereina will integrate USDC and EURC payments into existing SAP enterprise workflows.
Reported by CoinGape
Circle shares traded at $80.65 on October 7, down $3.47 or 4.13% at 9:34 a.m. EDT.
4.13 %Disputed figureReported by CoinGape
Outlets give different explanations for the CRCL decline, with one blaming crypto losses outweighing the SAP Pay expansion and later coverage pointing to the claims release and, via Stocktwits, to reports of White House military strike options against Iran.
Disputed figureReported by CoinGape
What happened
CRCL fell 0.80% to $80.19 in the October 8 session, down $0.64, while Bitcoin traded near $82,700, Ethereum near $2,550 and XRP near $1.41, and CoinGlass data cited in the later coverage showed more than $400 million in crypto liquidations over the previous 24 hours. The Labor Department reported 197,000 initial claims for the week ending October 3, below the 200,000 figure economists surveyed by Reuters had expected, with the prior week revised up from 197,000 to 199,000; the four-week average fell to 198,000 and continuing claims rose 17,000 to 1.716 million for the week ending September 26. CoinGape had flagged the stock a day earlier, on October 7, when shares traded at $80.65, down $3.47 or 4.13%, and blamed that drop on crypto losses outweighing Circle's expansion into enterprise payments through SAP Pay. The October 8 pieces instead tie the slip to the claims release, and the Crypto News write-up relays a Stocktwits report that premarket pressure on Circle, Coinbase, Strategy and Bitmine Immersion Technologies came as Bitcoin fell below $83,000, with oil and Treasury yields rising after reports that the White House had requested military strike options against Iran. CoinGape and Crypto.News both describe an arrangement in which Circle and Tereina will add USDC and EURC payments to existing SAP enterprise workflows. The two technical reads disagree on where the floor sits: CoinGape put support at $80 and called for a reclaim of $81, while Crypto.News listed first resistance at $80.84, a zone from $81.30 to $81.40 above it, and support at $79.11 and $79, and CoinGape also notes that fewer initial applications by themselves do not show stronger hiring.
How the story developed
- First report
First report by CoinGape
Circle Stock Forecast Ahead of Tomorrow’s Jobless Claims Report
- Update
CoinGape flags CRCL ahead of the weekly claims release
Shares at $80.65, down 4.13%, with the jobless claims report named as the next focus and SAP Pay expansion cited alongside it.
- Official statement
Labor Department releases weekly jobless claims
Initial claims of 197,000 for the week ending October 3, under the 200,000 forecast, with the prior week revised to 199,000.
- Update
Stocktwits premarket pressure tied to geopolitical reports
Circle, Coinbase, Strategy and Bitmine Immersion Technologies under pressure as Bitcoin fell below $83,000, with oil and Treasury yields moving toward recent highs after reports of White House military strike options against Iran.
- Update
CoinGape ties the CRCL slip to the claims data
CRCL down 0.80% to $80.19 on October 8 as crypto markets weakened and liquidations passed $400 million.
- Independent corroboration
Independently corroborated by Crypto.News
Circle stock slips after US jobs data: Is $81 within reach?
- Update
Crypto.News adds technical levels and Tereina integration detail
Resistance at $80.84 and a $81.30 to $81.40 zone, support at $79.11 and $79, and USDC and EURC payments planned for SAP workflows.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 7 Oct 2026, 14:43 UTC: CoinGape — 1 independent source, 1 reports
- 8 Oct 2026, 21:19 UTC: Crypto.News — 2 independent sources, 3 reports
Affected entities
Also mentioned: Ethereum, XRP, Federal Reserve, Solana, Cardano, Dogecoin, European Union
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CoinGape Crypto media | Circle Stock Forecast Ahead of Tomorrow’s Jobless Claims Report | Original | |
| Crypto.News Crypto media | Circle stock slips after US jobs data: Is $81 within reach? | Independent | |
| CoinGape Crypto media | CRCL Stock in Focus After US Jobless Claims Came Lower Than Expected | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Circle stock slips after US jobs data: Is $81 within reach? | Syndicated |
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