tl;dr
Bitcoin climbed 4.8% in the last 24 hours, prompting a 10% stock jump for Robinhood Markets, which is reported to be the third-largest bitcoin holder as of August. The biggest cryptocurrency, Bitcoin, broke above $40K on Sunday and reached $43K on Tuesday. In August, Robinhood held a single cry...
Bitcoin climbed 4.8% in the last 24 hours, prompting a 10% stock jump for Robinhood Markets, which is reported to be the third-largest bitcoin holder as of August.
The biggest cryptocurrency, Bitcoin, broke above $40K on Sunday and reached $43K on Tuesday. In August, Robinhood held a single crypto wallet with over $3B of bitcoin, making it the third-largest bitcoin holder after Binance and Bitfinex. In the past week, Robinhood stock has risen 26%, outpacing bitcoin's 18% increase. On Monday, Robinhood released early details of its November trading volumes, indicating a rise of ~75% in crypto notional volume above October 2023 levels.
More about Robinhood Markets Inc
Robinhood Markets Inc is a company in the finance sector, specifically in the security brokers, dealers, and flotation companies industry, with a market capitalization of $8,059,768,000. The stock performance has seen a decrease of 0.82% and a return on equity of 1.979. The company's earnings per share stands at -0.415, with a total revenue of $1,774,000,000. The current stock price is $11.58, with no dividend yield. Market sentiment for Robinhood Markets Inc is slightly bullish, with a sentiment score of 0.294.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.