COIN and CRCL Stock Outlook as BlackRock Downgrades US Stocks, Shifts to US Treasuries

Highlights BlackRock has downgraded US stocks from overweight to neutral. The asset manager has also upgraded US short-term treasuries to overweight. COIN and CRCL stocks face volatility if the downgrade causes a surge selling pressure. Crypto stocks such as Coinbase (NASDAQ: COIN) and Circle (NYSE: CRCL) are in focus after asset management giant BlackRock downgraded US equities and upgraded US short-term Treasuries. BlackRock’s shift comes as the yield on US Treasuries continues to surge, weighing on risk assets including crypto and equities.