Investors sell cryptocurrency stocks due to psychological pressure after the epidemic

Circle's USDC stablecoin was listed on the New York Stock Exchange, and its stock price tripled, but cryptocurrencies as a whole performed poorly, with both Bitcoin and the CoinDesk 20 index falling, sparking industry concerns. This is similar to the market trend after Coinbase's IPO in 2021, when Bitcoin hit an all-time high of $65,000 and then quickly fell back, eventually bottoming out at around $15,000 at the end of 2022.