Exchanges· ★★★· bearish·

Coinbase, Circle and Robinhood shares fall 40–56% from highs in 'hidden bear market'

  • —Coinbase is 56% below its high, Circle 44% and Robinhood 40%
  • —Ten stocks generated 70% of S&P 500 gains since March 30, masking losses elsewhere
  • —Coinbase Q3 revenue is expected at about $1.2 billion, down 36% year over year
  • —Markets have priced in three Fed rate hikes through June 2027
Why it matters: Coinbase's Oct. 29 earnings will show how much the crypto downturn is hurting exchange revenue and crypto-linked equities.
#BTC#USDC
Source: BeInCrypto DE
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