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via finance.yahoo.comBusiness & Companies

Robinhood falls 3.87% as crypto volume sinks 48% while prediction bets jump 136%

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Robinhood Markets (NASDAQ:HOOD) shares fell 3.87% to $78.20 as of 10:05 a.m. ET in Friday's regular session on November 13, after October operating data showed crypto trading shrinking as Bitcoin slid below $70,000. Warning! GuruFocus…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCrypto volume down year over year weighs on the stock as Bitcoin slips below 70,000 dollars.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Crypto notional volume fell to 17.0 billion dollars, down 48% year over year.
  2. 02Event contracts rose 136% year over year.
  3. 03HOOD shares traded at 78.20 dollars after a 3.87% drop.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Robinhood Markets, Inc.HOODStock77.09 USD-0.39%today -5.24%Negative BitcoinBTCUSDCrypto68,596.50 USD-0.15%today -3.85%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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