Why Robinhood Stock Dropped 12% in January

It's been moving in line with cryptocurrency.Shares of trading platform stock Robinhood Markets (HOOD 3.16%) fell 12% in January, according to data provided by S&P Global Market Intelligence. The stock, which is highly exposed to cryptocurrency, has been moving in line with popular cryptocurrencies like Bitcoin. Bitcoin is down 25% over the past three months. Strong growth, high gainsRobinhood has become one of the foremost trading platforms for retail investors, and it now offers an expanded platform where ...

Why Robinhood Stock Dropped 12% in January - Reportify