📉Crypto Stocks Slide as Market Weakness Hits Coinbase and Robinhood
Crypto stocks sliding hard: Coinbase (COIN) & Robinhood (HOOD) down as market weakness hits. Tied to falling BTC (~$69,800) & lower volumes.
Crypto equities = leveraged crypto plays—extra pain when alts drop!
Context: BTC consolidating ~$69,800, ETH following.
Reduced volumes crush exchanges.
Coinbase revenue mostly fees; Robinhood's crypto segment key for growth in bulls.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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