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@Kokorache 3 weeks ago

HOOD drops 9% on crypto weakness despite new UK product launch

HOOD drops 9% on crypto weakness despite new UK product launch

Robinhood fell almost 9% today, closing around $90.75. The drop seems driven by a broader sell-off in crypto, with Bitcoin hitting lows not seen since April. Investors are likely worried about how this impacts transaction revenue. The decline happened even though they launched a new UK ISA with a 2% cash bonus. Cathie Wood and ARK bought the dip, but other crypto names like Coinbase and Marathon slid lower as well.
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@MasonCarter10 3 weeks ago

Classic crypto sympathy selloff. HOOD catching strays even with solid product moves. If crypto stabilizes, this dip probably won’t age well.

@MasonCarter10 3 weeks ago

Classic crypto sympathy selloff. HOOD catching strays even with solid product moves. If crypto stabilizes, this dip probably won’t age well.