Robinhood Ripped Higher Today. Here's Why

A Bitcoin squeeze could be great news for Robinhood stock.A 7% plunge in the value of Bitcoin (BTC +2.20%) -- and other cryptocurrencies -- drove Robinhood (HOOD +6.37%) stock lower on Monday. A rebound in Bitcoin prices revived the online brokerage stock yesterday, however. As Bitcoin prices continue to gain strength midweek (up 1.1% Wednesday and above $93,000), Robinhood stock rises even higher.As of 3 p.m. ET, Robinhood shares are up 6%. Revenge of the cryptosWhat's going on with Bitcoin today, and what ...