Coinbase and Circle Are Getting Crushed Worse Than Big Tech
Crypto equities are sliding harder than Oracle, Netflix, and Salesforce, signaling a deepening gap between digital-asset stocks and the broader market.
If you're holding crypto stocks, the scoreboard isn't pretty. Coinbase and Circle have both posted steeper losses than heavyweight tech names like Oracle, Netflix, and Salesforce — and that divergence is getting harder to ignore.
This isn't just a bad week. It's a signal that the market is treating crypto equities as a separate, riskier asset class entirely. When even high-growth Big Tech names are outperforming your crypto holdings, that's a red flag worth paying attention to.
Read more Robinhood Layoffs Signal a Cooling Crypto Investment Market →
The gap matters because it undercuts a narrative that was gaining traction — that crypto stocks could ride the broader tech rally. Right now, they're not. Coinbase and Circle are drifting in the opposite direction while the rest of the market holds firmer ground.
For traders, the tradeable angle here is spread and rotation. If you believe in a crypto rebound, the underperformance could look like a discount entry point. But if institutional money continues rotating away from digital-asset equities, the spread with Big Tech could widen further before it closes.
Bottom line: crypto stocks are underperforming and the slump is deepening. Watch how Coinbase and Circle behave at key support levels — those will tell you whether this is a dip or a trend. Continue reading at Cointelegraph.
