HOODHOODRobinhood Markets, Inc. Class A
$119.35
24h
-1.33%
SerenitySerenity
22 Sep, 04:37

HOOD potential rebound on crypto tailwinds

Bullish-3.20%

AI Summary

The author highlights strong recoveries in major cryptocurrencies and suggests that crypto-exposed equities like HOOD and COIN may be rebounding, indicating a return of broader market risk appetite.

Wow Bitcoin + Ethereum pulled pretty extreme recoveries. Looks like $HOOD / $COIN / Crypto is back? On-chain equities trading + regulator exemptions probably put a lot of fuel into the fire for the sector. That aside... crypto is usually a great indicator for high-beta AI equities believe it or not (they tend to frontrun broader market drops or rallies). So overall market risk appetite might be coming back despite the rate hikes.

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