Stealth Bear Market Hits Crypto Stocks as Coinbase, Circle, Robinhood Fall 40-56%

Crypto-linked equities Coinbase, Circle and Robinhood have fallen 40-56% in what BeInCrypto calls a stealth bear market, even as the S&P 500 holds up. The divergence is tied to Bitcoin slipping below $80,000, which pressures trading volumes and sentiment across crypto-exposed stocks. Traders should watch whether BTC reclaims $80,000, since continued weakness there likely deepens the drawdown in these names.