Robinhood Markets Inc. (HOOD) has recently diverged from its long-standing close correlation with Bitcoin's price, with Robinhood's stock rising while Bitcoin's price fell. This shift reflects Wall Street's growing focus on Robinhood's internal growth and product diversification, including a $2 billion convertible notes offering and acquisitions like WonderFi. Robinhood's expanding revenue streams, especially in prediction markets and traditional trading, have insulated it from recent crypto market downturns. This decoupling suggests Robinhood is evolving beyond being just a crypto proxy, potentially signaling a new phase for the company's valuation and strategy.
Global markets rose sharply on Monday following stronger-than-expected Chinese economic data and falling oil prices, which increased investor risk appetite. Bitcoin traded near $82,500, Nasdaq futures gained over 1%, and major Asian indexes like Japa...
Bitcoin (BTC) climbed 0.89% to surpass $82,000, with Ether (ETH) also gaining 0.45% near $2,400. The crypto market showed mixed performance: Monero (XMR) and Zcash (ZEC) rose over 2%, while sectors like Layer 1 and CeFi advanced modestly. However, so...
On October 18, Bitcoin (BTC), Solana (SOL), Near Protocol (NEAR), and Hyperliquid (HYPE) traded close to their technical support ranges, showing mixed performance throughout the day. BTC hovered around $80,000–$81,000, SOL near $100–$102, NEAR at $4....
In a snapshot of perpetual futures on October 18, Dogecoin (DOGE) showed the highest positive funding rate among five major cryptocurrencies, at 0.0085% per eight hours (9.3% annualized). This means traders holding long positions in DOGE pay those wi...
Bitcoin's MVRV percentile fell to 25.7%, indicating a valuation below its historical range but not signaling a market bottom. Meanwhile, U.S. spot Bitcoin ETFs experienced $936.3 million in net outflows from October 7-16, following a prior period of ...
