Geopolitics Alpha

Bitcoin Slumps Below $70,000. Robinhood, Coinbase, and Other Crypto Stocks Follow It Down.

Published . Updated .

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GEOPOLITICS ALPHABitcoin Slumps Below $70,000.Robinhood, Coinbase, and OtherCrypto Stocks Follow It Down.COINHOODGEOPOLITICS ALPHA

This report is about crypto.

Directly affected

  • COIN Coinbase Global-28.6% 30d

    Named in this report.

  • HOOD Robinhood Markets-27.8% 30d

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-7.4% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • MSTR Strategy-14.5% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MARA MARA Holdings-35.9% 9d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • RIOT Riot Platforms-9.5% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • ABTC American Bitcoin-44.4% 30d

    American Bitcoin (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
COIN+3.11%+1.10%baseafter closeafter closeafter closeafter close
HOOD-0.56%-0.02%baseafter closeafter closeafter closeafter close
IBIT+6.25%+3.31%baseafter closeafter closeafter closeafter close
MSTR+12.75%+5.80%baseafter closeafter closeafter closeafter close
MARA-11.75%+2.23%baseafter closeafter closeafter closeafter close
RIOT-6.39%+1.32%baseafter closeafter closeafter closeafter close
ABTC+5.74%+1.68%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Bitcoin Slumps Below $70,000. Robinhood, Coinbase, and Other Crypto Stocks Follow It Down. Barron's

Source: Barron's

This story

CompanyWhenMoveStatus
ABTCthree days earlier+1.68%final price
ABTCfive days earlier+5.74%final price
COINthree days earlier+1.10%final price
COINfive days earlier+3.11%final price
HOODthree days earlier-0.02%final price
HOODfive days earlier-0.56%final price
IBITthree days earlier+3.31%final price
IBITfive days earlier+6.25%final price
MARAthree days earlier+2.23%final price
MARAfive days earlier-11.75%final price
MSTRthree days earlier+5.80%final price
MSTRfive days earlier+12.75%final price
RIOTthree days earlier+1.32%final price
RIOTfive days earlier-6.39%final price

This story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Bitcoin Slumps Below $70,000. Robinhood, Coinbase, and Other Crypto Stocks Follow It Down.” scores 12 out of 100. The score uses 1 sources.