Robinhood shares dropped after a crypto slump dented trading volume growth. Crypto has faced heavy pressure this year as investors move into a risk-off mood, triggering broad selling across digital assets. With bitcoin down more than 30% in the past six months, retail interest has cooled, curbing activity on trading platforms like Robinhood.
Bitcoin has reclaimed $70,000, hinting at underlying strength, but traders are wary as overhead supply looms and volume fails to confirm a sustained breakout. Ethereum rose too, yet its momentum lagged, pointing to selective risk-taking. Broader markets remain cautious, with crypto price action swayed by geopolitical headlines and upcoming economic data.
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