Bitcoin's Rally Ran on Thin Volume: Is a Cascade to $81,000 Next?
Bitcoin failed to hold $85,000 amid weak volume, limited inflows and profit-taking; options are bullish, but $81,000-$81,700 support is key.
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Robinhood Markets Inc (NASDAQ:HOOD) shares are sliding Wednesday as crypto-linked stocks follow Bitcoin lower and investors pull back from risk.
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Bitcoin failed to hold $85,000 amid weak volume, limited inflows and profit-taking; options are bullish, but $81,000-$81,700 support is key.
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Barclays analyst Benjamin Budish maintains Robinhood Markets (NASDAQ:HOOD) with a Overweight and raises the price target from $105 to $132.