Crypto Stocks Struggle – HOOD Falls After Earnings Disappointment, COIN and CRCL Also Decline

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 1d ago

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Should l Buy ?

Source: stocktwits

Coinbase and Circle Stock Performance: Coinbase and Circle shares declined in overnight trading, with Citi reducing its price target for Coinbase by nearly $100 while maintaining a 'Buy' rating.
Robinhood's Earnings Report: Robinhood's stock fell significantly after the company reported earnings and revenue that did not meet Wall Street expectations, leading to a drop of nearly 8% in after-hours trading.
Retail Sentiment Trends: Retail sentiment around Coinbase has shifted from 'extremely bullish' to 'bullish,' while sentiment for Robinhood has improved despite its stock dip, indicating a potential recovery in user interest.
Market Overview: The overall cryptocurrency market saw a decline of 2.6% in the last 24 hours, with Bitcoin's price dropping to around $67,700, reflecting broader market trends and investor sentiment.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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