New York, Feb 23, 2026, 12:47 EST — Regular session
- Robinhood shares tumbled in midday action, caught up in the broader selloff hitting risk assets.
- Bitcoin stumbled, dragging crypto-related stocks down with it.
- After a choppy run, investors are searching for the next spark.
Robinhood Markets dropped 5.5% to close at $71.96 Monday, after touching a session low of $71.44. The retail brokerage moved lower alongside a slump in other crypto-related stocks.
Stocks retreated worldwide and gold moved sharply higher after President Donald Trump rolled out a fresh 15% global tariff under Section 122 of the Trade Act of 1974—injecting renewed doubt into the U.S. trade outlook. “Uncertainty remains high,” Nationwide chief market strategist Mark Hackett wrote in a note analyzing the day’s sharp swings. Reuters
Robinhood’s stock has become a sort of proxy for retail risk-taking. Crypto’s ups and downs tend to jolt trading app volumes, with direct consequences for revenue tied to how busy customers get.
Bitcoin slipped 4.3% to $64,443. Ether posted a 4.6% drop, landing at $1,848.71. Coinbase shares tumbled 6.2%. Charles Schwab gave up 2.6%, and Interactive Brokers declined 4.5%.
Robinhood shares have reacted sharply to crypto moves lately, regardless of whether the company itself is making news. High-beta retail stocks can see sentiment swing quickly on dramatic coin action.
Robinhood, headquartered in Menlo Park, California, has kept highlighting consistent customer gains while investors weigh the duration of the crypto downturn. In its monthly update released Feb. 19, the firm reported 27.2 million funded customers at January’s close—that’s accounts with actual cash in them—and platform assets totaling $324.4 billion, reflecting the value of what customers hold. Robinhood also revealed it spent $173 million buying back roughly 2.1 million shares so far this quarter, as of Feb. 17.
Robinhood’s fourth-quarter revenue landed at $1.28 billion earlier this month, missing what analysts had projected, after crypto trading fell short. “The active traders were still really active,” finance chief Shiv Verma told Reuters then, noting the impact of pricing tiers and the habits of frequent users. Reuters
The stock could swing in either direction from here. A break in tariff worries and a crypto bounce would likely drive shares higher—just as quickly as they fell. But if bitcoin continues struggling, traders might keep shorting stocks connected to trading volumes.
Robinhood is up against heavyweights on both sides: Coinbase dominates crypto, while mainstream investing means going head-to-head with Schwab and other large brokerages. That’s all while it pushes to carve out space in newer areas like event contracts.
Broader risk appetite could pivot on major tech earnings this week, with eyes on Nvidia’s results and its conference call slated for Wednesday, Feb. 25.
Investors are eyeing Robinhood’s “Take Flight” event set for March 4, where the company is expected to share fresh product and strategy details. The spotlight is on its growing interest in prediction markets — those event contracts tied to real-world outcomes. investopedia.com
