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Markets

These 3 Crypto Stocks Now Sit on Tech’s ‘Stealth’ Bear Market List

Image: CryptoPotato

Three crypto-linked companies have appeared on a list of 20 tech stocks that have fallen hard from their recent peaks. The three, Coinbase, Circle, and Robinhood, have respectively lost 56%, 44%, and 40% of their values, with market commentary account The Kobeissi Letter warning that it was a sign of a “stealth” bear market. Crypto Stocks Rank Among Tech’s Biggest Losers Per The Kobeissi Letter’s list , the only companies worse hit than Coinbase were AppLovin and CoreWeave, with the former down 65% and the latter seeing 57% shaved off its stock price. Others included Oracle (-50%), SanDisk (-42%), and Seagate’s STX shares, which had dipped 39%.

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