The post Crypto Stocks Sink as Macro Jitters Hit Coinbase, Block, Robinhood appeared on BitcoinEthereumNews.com. Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite. Meanwhile, the Jack Dorsey-led fintech Block Inc. came under renewed selling pressure after missing quarterly forecasts and facing investor scrutiny over slowing growth and profitability within its flagship Square payments unit. Robinhood, by contrast, delivered solid third-quarter results on the back of a surge in crypto trading volumes. However, a leadership shake-up and softer-than-expected growth in its crypto segment overshadowed the earnings beat, sending shares lower. Despite this week’s declines, Robinhood remains the best-performing stock of the trio — up more than 200% year-to-date. Robinhood stock’s year-to-date performance. Source: Google Finance Related: US crypto bills are ‘like oil for the onchain economy,’ Coinbase exec says Macro fears, sentiment weigh on crypto stocks Crypto-linked stocks are under pressure as broader risk-off sentiment sweeps through the digital asset market, driven by uncertainty over the ongoing US government shutdown and lingering fallout from last month’s historic liquidation event, which wiped out roughly $19 billion in leveraged positions. The crash prompted Crypto.com CEO Kris Marszalek to call for a regulatory review into how exchanges managed the sell-off. The episode has also revived concerns about hidden vulnerabilities in the industry — or “dead bodies,”… The post Crypto Stocks Sink as Macro Jitters Hit Coinbase, Block, Robinhood appeared on BitcoinEthereumNews.com. Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite. Meanwhile, the Jack Dorsey-led fintech Block Inc. came under renewed selling pressure after missing quarterly forecasts and facing investor scrutiny over slowing growth and profitability within its flagship Square payments unit. Robinhood, by contrast, delivered solid third-quarter results on the back of a surge in crypto trading volumes. However, a leadership shake-up and softer-than-expected growth in its crypto segment overshadowed the earnings beat, sending shares lower. Despite this week’s declines, Robinhood remains the best-performing stock of the trio — up more than 200% year-to-date. Robinhood stock’s year-to-date performance. Source: Google Finance Related: US crypto bills are ‘like oil for the onchain economy,’ Coinbase exec says Macro fears, sentiment weigh on crypto stocks Crypto-linked stocks are under pressure as broader risk-off sentiment sweeps through the digital asset market, driven by uncertainty over the ongoing US government shutdown and lingering fallout from last month’s historic liquidation event, which wiped out roughly $19 billion in leveraged positions. The crash prompted Crypto.com CEO Kris Marszalek to call for a regulatory review into how exchanges managed the sell-off. The episode has also revived concerns about hidden vulnerabilities in the industry — or “dead bodies,”…

Crypto Stocks Sink as Macro Jitters Hit Coinbase, Block, Robinhood

Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings.

Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities.

On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite.

Meanwhile, the Jack Dorsey-led fintech Block Inc. came under renewed selling pressure after missing quarterly forecasts and facing investor scrutiny over slowing growth and profitability within its flagship Square payments unit.

Robinhood, by contrast, delivered solid third-quarter results on the back of a surge in crypto trading volumes. However, a leadership shake-up and softer-than-expected growth in its crypto segment overshadowed the earnings beat, sending shares lower.

Despite this week’s declines, Robinhood remains the best-performing stock of the trio — up more than 200% year-to-date.

Robinhood stock’s year-to-date performance. Source: Google Finance

Related: US crypto bills are ‘like oil for the onchain economy,’ Coinbase exec says

Macro fears, sentiment weigh on crypto stocks

Crypto-linked stocks are under pressure as broader risk-off sentiment sweeps through the digital asset market, driven by uncertainty over the ongoing US government shutdown and lingering fallout from last month’s historic liquidation event, which wiped out roughly $19 billion in leveraged positions.

The crash prompted Crypto.com CEO Kris Marszalek to call for a regulatory review into how exchanges managed the sell-off.

The episode has also revived concerns about hidden vulnerabilities in the industry — or “dead bodies,” as some market watchers refer to them — leading analysts to scale back their outlook for the crypto sector.

Those fears prompted another wave of selling in the crypto markets this week, with Bitcoin (BTC) briefly sliding below $100,000, marking a 20% correction from its all-time high.

Since reaching an all-time high in early October, Bitcoin’s price has experienced renewed volatility to the downside. Source: Cointelegraph

Related: ISM Manufacturing PMI suggests Bitcoin cycle may extend beyond historical norm

Source: https://cointelegraph.com/news/crypto-stocks-slide-coinbase-block-robinhood-macro-fears?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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