The Wall Street bank lifted its HOOD price target to $130 and reiterated its neutral rating on the stock.
Robinhood’s Crypto Revenue Miss Tempers Solid Quarter: JPMorgan
The Wall Street bank lifted its HOOD price target to $130 and reiterated its neutral rating on the stock.
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Growth comes from increases in TVL on Ethena USDtb and BlackRock's BUIDL.
Bitcoin has retraced to pre-Powell levels, maintaining bearish technical setup.
Historical patterns show that bitcoin often bottoms when its correlation with the Nasdaq 100 breaks down, a dynamic now appearing for the fourth time in five years.
Bitcoin's price has been stable between $100,000 and $110,000, but upcoming events like the Fed minutes release may impact volatility.