Robinhood and Coinbase stock prices plummet, macroeconomic concerns intensify
Robinhood and Coinbase stock prices have recently experienced significant declines, as investors are concerned about the performance of cryptocurrency related stocks due to increased macroeconomic uncertainty. Robinhood's stock price has fallen by over 80% from its historical high, while Coinbase's stock price continues to be under pressure, reflecting a weakening of market confidence in the cryptocurrency industry. Analysts point out that rising interest rates and regulatory pressure may further affect the performance of cryptocurrency related stocks. (Decrypt)