Robinhood drops as Bitcoin trades near 10-month low

Circle Internet

02/02/2026 20:38

** Robinhood's HOOD.O shares are down 10.7% to $88.78 on Monday as Bitcoin , the world's largest cryptocurrency by market value, touched lowest level since early April

** HOOD is on track for the its fifth consecutive session of losses and on track for its lowest close since late June. It's also on set for the biggest daily pct drop since November

** Bitcoin and other cryptocurrencies have been pressured by weakening flows even as stocks have rallied

** Bitcoin is down >10% YTD but is up 2.56% to $78,333.69.13 on the session

** Other crypto-related stocks also trading down: Coinbase Global COIN.O is off 3.4%, Circle Internet  CRCL.N down 7.4%, Strategy MSTR.O 5.6% lower. Riot Platforms RIOT.O off 0.8%

** HOOD is down 21.5% YTD vs NASDAQ Composite Index's .IXIC 1.7% increase

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))