Stock Track | Robinhood Plummets 6.29% Intraday as Middle East Conflict Widens, Hurting Crypto Appetite

Stock Track03-03 23:45

Robinhood's stock plummeted 6.29% during intraday trading on Tuesday, reflecting a sharp decline in the trading session.

The drop came as shares of cryptocurrency companies slid amid a widening conflict in the Middle East that hurt investors' appetite for risk. President Trump said U.S. attacks on Iran are expected to last four or five weeks but could go longer, raising fears of an extended Middle East conflict.

Bitcoin recently traded down nearly 4% at $66,488 after reaching a two-week high above $70,000 on Monday, contributing to the pressure on crypto-related stocks like Robinhood.

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