Why Robinhood (HOOD) Stock Is Up Today
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 8.7% in the afternoon session after crypto-linked stocks rebounded sharply as Bitcoin broke above the $90,000 mark, reinforcing investor confidence in digital assets. The rally coincided with a weakening US dollar, which appeared to boost demand for assets considered alternative stores of value. Crypto, especially Bitcoin, has been evolving to be one of those spots people flock to when they're worried about inflation or the doll