--- title: "Robinhood Stock Plunges as Bitcoin Dips After Elections" type: "News" locale: "en" url: "https://longbridge.com/en/news/304515668.md" description: "Robinhood Markets (HOOD) shares plummeted 12% as crypto-linked stocks slid alongside Bitcoin following US midterm elections. Democrats gained congressional ground, complicating the passage of industry-backed crypto regulation like the Clarity Act and raising scrutiny on Trump's crypto ties. Despite short-term volatility, VanEck remains bullish on Bitcoin long-term, citing its resilience against tech stocks and potential appeal amid fiscal policy shifts." datetime: "2026-11-05T19:09:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304515668.md) - [en](https://longbridge.com/en/news/304515668.md) - [zh-HK](https://longbridge.com/zh-HK/news/304515668.md) generator: "portal-rs" --- # Robinhood Stock Plunges as Bitcoin Dips After Elections **Robinhood Markets Inc**. (NASDAQ:HOOD) shares are plummeting Thursday as crypto-linked stocks slide with Bitcoin while investors digest the midterm results. - Robinhood Markets stock is among today’s weakest performers. What’s pressuring HOOD stock? ## Robinhood Stock Falls as Crypto Stocks Slide Crypto-linked stocks, Robinhood among them, are sliding Thursday as **Bitcoin** (CRYPTO: BTC) edges lower and investors size up the political shift from the midterms. Democrats gained ground in Congress, and **Sherrod Brown**, a longtime crypto doubter, won back a Senate seat despite more than $60 million spent against him by crypto-backed PACs. The industry-backed Clarity Act, a proposal to set market rules, now looks harder to pass. TD Cowen’s Washington analyst **Jaret Seiberg**, quoted by CNBC, said Democrats will probe Trump’s crypto business ties, including World Liberty Financial. That climate, Seiberg said, could rule out any form of the legislation that crypto companies would back. ## VanEck Stays Bullish On Bitcoin Long Term VanEck’s **Matthew Sigel** told CNBC that elections squeeze months of expectations into a single day of trading. That can create swings, Sigel said, that do not match the long-run picture. Sigel stays optimistic on Bitcoin because it has held up better than the Nasdaq, moves less in step with tech stocks and faces lighter regulation than other tokens. Sigel also sees a possible tailwind: a Democratic Congress and a Republican White House may compromise on bigger budgets and more federal borrowing, which could make Bitcoin more attractive as a substitute for traditional money. Sigel warned, though, that tokenization, stablecoins and altcoins stay exposed if future administrations undo policies at the SEC or CFTC. ## HOOD Shares Are Tumbling **HOOD Price Action:** Robinhood shares were down 12.00% at $76.92 at the time of publication on Thursday, according to Benzinga Pro. **Read Also: Bitcoin, Ethereum, XRP Slide as Peter Schiff Warns ‘Expect More Days Like Today’** *Image: Shutterstock* ### Related Stocks - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [AHD.US](https://longbridge.com/en/quote/AHD.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BITX.US](https://longbridge.com/en/quote/BITX.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCL.US](https://longbridge.com/en/quote/BTCL.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [BTCZ.US](https://longbridge.com/en/quote/BTCZ.US.md) - [DEFI.US](https://longbridge.com/en/quote/DEFI.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [HODU.US](https://longbridge.com/en/quote/HODU.US.md) - [HOOC.US](https://longbridge.com/en/quote/HOOC.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [HOOI.US](https://longbridge.com/en/quote/HOOI.US.md) - [HOOW.US](https://longbridge.com/en/quote/HOOW.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [HOOY.US](https://longbridge.com/en/quote/HOOY.US.md) - [HOOZ.US](https://longbridge.com/en/quote/HOOZ.US.md) - [HOYY.US](https://longbridge.com/en/quote/HOYY.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [MAXI.US](https://longbridge.com/en/quote/MAXI.US.md) - [OBTC.US](https://longbridge.com/en/quote/OBTC.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [YBIT.US](https://longbridge.com/en/quote/YBIT.US.md) - [02818.HK](https://longbridge.com/en/quote/02818.HK.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03066.HK](https://longbridge.com/en/quote/03066.HK.md) - [03135.HK](https://longbridge.com/en/quote/03135.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [03439.HK](https://longbridge.com/en/quote/03439.HK.md) - [07376.HK](https://longbridge.com/en/quote/07376.HK.md) - [83042.HK](https://longbridge.com/en/quote/83042.HK.md) - [09008.HK](https://longbridge.com/en/quote/09008.HK.md) - [09042.HK](https://longbridge.com/en/quote/09042.HK.md) - [09430.HK](https://longbridge.com/en/quote/09430.HK.md) - [09439.HK](https://longbridge.com/en/quote/09439.HK.md) ## Related News & Research - [Bitcoin’s ‘Glory Days Are Over,’ Bloomberg Expert Says as Bulls Push Back](https://longbridge.com/en/news/304916608.md) - [Bitwise Bitcoin ETF 3Q 2026: Net income $920.47M — 10-Q Summary](https://longbridge.com/en/news/304688917.md) - [Cryptos Extend Gains Amidst Short Squeeze](https://longbridge.com/en/news/304480658.md) - [Will the market see a turning point after the midterm elections?](https://longbridge.com/en/news/304057217.md) - [Bitcoin Holders Shift to BlackRock’s IBIT on Security Concerns, Bitrue Says](https://longbridge.com/en/news/304936948.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**