Episode Details

Crypto stocks plummeted on Friday, mirroring broader market declines, as bitcoin dipped below $66,000. Coinbase, Galaxy, and Gemini all fell significantly, while Robinhood also slid despite stock buybacks. Miners took a bigger hit, with Riot Platforms, CleanSpark, and others dropping five to eight percent. Even strong performers from Thursday like Mara and Bitdeer gave back all gains. The selloff reflects broader market pain, with about $17 trillion wiped from peak values in top tech stocks, gold, silver, and bitcoin. The Nasdaq one hundred index entered correction territory, while the S and P five hundred sits eight point five percent lower. Federal Reserve officials added to the unease, citing rising oil prices and fragile hiring as inflation risks amid Middle East tensions. Treasury yields swung wildly, with investors now bracing for possible rate hikes instead of cuts. This fits a pattern since late February, with Monday rebounds fading into Friday weakness as geopolitical worries build over the weekend. Markets remain on edge for any escalation.

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