Yahoo Finance·2026-02-05 18:14Market Overview - Bitcoin (BTC) dropped below $70,000, losing approximately 8% in 24 hours, marking its steepest decline since early November 2024, trading at $69,398.37 [1] - The sell-off caused significant volatility in the crypto sector, negatively impacting major blockchain and fintech stocks as the U.S. market opened [1] Company Performance - Robinhood Markets (NASDAQ: HOOD) opened down 2.68% at $78.46, with investors awaiting its Q4 and full-year 2025 earnings report [2] - Coinbase (NASDAQ: COIN) fell 5% to $160.08 amid a new legal challenge from the Nevada Gaming Control Board regarding its prediction market platform [4] - Circle Internet Group (NASDAQ: CRCL), issuer of the USDC stablecoin, decreased by 4.66% to $52.54 [4] - Block (NYSE: XYZ), led by Jack Dorsey, was down 2.61% trading at $55.90 [5] - TeraWulf (NASDAQ: WULF) saw a decline of 5.63% to $13.10 after a previous day’s 11% increase [5] - Riot Platforms (NASDAQ: RIOT), a major Bitcoin mining company, dropped 5.94% to $13.30 [6] Analyst Insights - Truist Securities maintained a "Buy" rating for Robinhood with a price target of $155, while Piper Sandler highlighted near-term challenges such as declining crypto trading volumes and fading retail momentum [3]