These 3 Crypto Stocks Now Sit on Tech’s ‘Stealth’ Bear Market List

Coinbase fell further than Circle and Robinhood in the ranking, trailing only AppLovin and CoreWeave in its list. Three crypto-linked companies have appeared on a list of 20 tech stocks that have fallen hard from their recent peaks. The three, Coinbase, Circle, and Robinhood, have respectively lost 56%, 44%, and 40% of their values, with market commentary account The Kobeissi Letter warning that it was a sign of a “stealth” bear market. Crypto Stocks Rank Among Tech’s Biggest Losers Per The Kobeissi Letter’s list, the only companies worse hit than Coinbase were AppLovin and CoreWeave, with the former down 65% and the latter seeing 57% shaved off its stock price. Others included Oracle (-50%), SanDisk (-42%), and Seagate’s STX shares, which had dipped 39%. Those that have suffered the least were Google’s parent company Alphabet, whose stock had gone down by 28%, IBM (-25%), Micron (-24%), and Mark Zuckerberg’s Meta, which lost 22%. According to an earlier analysis the Kobeissi Letter posted on October 15, the S&P 500’s resilience has been hiding widespread weakness among its constituents. It noted that 84% of index members were at least 10% below their all-time highs, while 59% ...