Robinhood drops as Bitcoin trades near 10-month low
Robinhood's HOOD.O shares are down 10.7% to $88.78 on Monday as Bitcoin
HOOD is on track for the its fifth consecutive session of losses and on track for its lowest close since late June. It's also on set for the biggest daily pct drop since November
Bitcoin and other cryptocurrencies have been pressured by weakening flows even as stocks have rallied
Bitcoin is down >10% YTD but is up 2.56% to $78,333.69.13 on the session
Other crypto-related stocks also trading down: Coinbase Global COIN.O is off 3.4%, Circle Internet CRCL.N down 7.4%, Strategy MSTR.O 5.6% lower. Riot Platforms RIOT.O off 0.8%
HOOD is down 21.5% YTD vs NASDAQ Composite Index's .IXIC 1.7% increase
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