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Coinbase, Circle, Robinhood Stocks Plunge 40-56% from Highs

1 reports1 sources10/29/2026 updated

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AI overview

Coinbase, Circle, and Robinhood stocks have fallen 40% to 56% from their historical highs. Despite the S&P 500 index reaching recent highs, only 10 stocks contributed to 70% of the index's gains, while crypto-related stocks, including these three, have fallen into what Kobeissi Letter terms an "invisible bear market."

Written with AI from the reporting · updated 10/29/2026

Latest developmentOct 29, 10:54
Crypto stocks Coinbase, Circle, Robinhood drop 40-56% as S&P 500 hits record
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  1. 1Unclassified fact stationOct 29, 00:00recorded Oct 29, 11:22single source

    Coinbase、Circle、Robinhood股价下跌40%-56%

    Read original source ↗ BeInCryptoReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Coinbase
    Action：
    股价下跌
    Object：
    Coinbase (COIN), Circle (CRCL), Robinhood (HOOD)
    Occurred (fact side)：
    Oct 29, 00:00
    BeInCrypto ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 29, 10:54
    First seen (known side)：
    Oct 29, 11:22
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

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Oct 29
  1. BeInCryptoRelated fact: single source
    Crypto stocks Coinbase, Circle, Robinhood drop 40-56% as S&P 500 hits record

    Report first recorded Oct 29, 11:22

    Coinbase (COIN), Circle (CRCL), and Robinhood (HOOD) have fallen 40% to 56% from their peaks, while the S&P 500 hovered near a record high in October. Market data firm Kobeissi Letter describes this as a "stealth bear market," noting that just 10 stocks have driven 70% of the index's gains since March 30, masking broader losses. Crypto-linked equities have suffered alongside tech names, with Coinbase ranking third among 20 stocks in bear market territory at a 56% decline. Meanwhile, Bitcoin struggles to hold above $80,000 despite a US Treasury bond buyback.

    Read original source ↗

Event activity trend

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3
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10Oct 29, 12:00
24h change
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