Robinhood shares faced heavy selling pressure in early trading on Thursday, December 11, sliding roughly 7% right after the market opened.
The latest drop mostly stems from fading investor appetite for riskier assets, which is also visible in the wider crypto market correction.
Meanwhile, platform activity — a metric investors closely watch — has posted a significant year-over-year jump. However, November’s month-over-month numbers suggest some cooling, matching the sentiment seen in other crypto-linked stocks today.
At the time of writing, Circle (CRCL), the company behind USDC, was down nearly 5%, while Bitmine Immersion Technologies (BMNR) plunged about 6%.
Overall, the market reaction shows investors shifting toward safer assets as digital-asset volatility picks up again. Fresh hawkish signals from the U.S. Federal Reserve have also added pressure, dampening traders’ enthusiasm.
Below, we break down the latest developments and outline what could be next for Robinhood (HOOD) stock.
Robinhood (HOOD) Stock Slips as Crypto Market Pulls Back
Robinhood Markets, Inc. (HOOD) declined more than 7% in early Thursday trading and hovered around $125 at the time of writing.
The stock closed the previous session at $135.66 and opened today at $131.77. Robinhood — valued at around $117.26 billion with a P/E ratio of 54.34 — sees an average daily volume of 32.39 million shares.
Over the past year, HOOD has traded between a low of $29.66 and a high of $153.86. At current levels, the stock is down nearly 5% over the last week and roughly 1% over the past month.
Despite this short-term weakness, the stock is still up more than 250% year-to-date.
The latest dip aligns with the broader crypto-market selloff. Recent comments from Federal Reserve officials hinting at only one 25-bps rate cut in 2026 rattled markets, pushing investors out of risk assets like crypto-related equities.
What’s Ahead for HOOD as Platform Activity Remains Strong?
Robinhood recently released its operating metrics for November, drawing notable attention.
Key data from the report:
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Funded customers: 26.9 million
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Down ~130,000 from October
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Up ~2.10 million year-over-year
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Total platform assets: $325 billion
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Up 67% YoY
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Down 5% MoM
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Crypto Notional Trading Volume: $28.6 billion
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Up 19% YoY
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Down 12% MoM
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Alongside this, financial giant Cantor Fitzgerald has slightly revised its HOOD outlook.
The firm reduced its price target from $155 to $152, while maintaining an “Overweight” rating — signaling continued long-term optimism despite short-term turbulence.
