Will Robinhood continue making advancements in the crypto space?
The Federal Reserve hiked the interest rates by another 75 basis points on Wednesday. Assets across the financial spectrum—right from stocks to Bitcoin and gold—initially noted a couple of long green candles. However, the tides reversed quickly and the gains were mostly negated within minutes. Source: TradingView In fact, over $860 billion being was out from the US stock market yesterday, with tech and consumer cyclical companies taking the hit. JUST IN: Over $860 billion was wiped out from the US stock market today. pic.twitter.com/IqFNv4qFxG — Watcher.Guru (@WatcherGuru) November 2, 2022 FinServ company Robinhood’s shares were also 4.3% down a day back. In the after trading hours, however, it managed to glide up. After noting a close to 3% incline, HOOD was trading at $11.70. Source: Google Finance The company&rsquo ;s earnings report was out on Wednesday, and it reported a net loss of $175 million in the third quarter. The loss was, notably, s...