Robinhood Shares Soar 7% on Bitcoin Rebound and Trump Accounts App Launch
HOOD•Robinhood Markets shares jumped over 7% during Thursday’s session as Bitcoin rebounded above $73,000 and the firm launched its Trump Accounts app, lifting retail sentiment to neutral from bearish. Robinhood outperformed other crypto-linked equities despite continued pressure on Bitcoin from the stalled CLARITY Act, with retail chatter remaining subdued.
1. Stock Price Surge
Robinhood Markets shares climbed more than 7% in Thursday afternoon trading as Bitcoin recovered above $73,000. The move marked the largest gain among major crypto-linked equities during the session.
2. Trump Accounts App Launch
The firm introduced its Trump Accounts app on the same day, a new feature designed to broaden its product offerings and engage a specific investor segment. This launch helped shift retail sentiment on the platform from bearish to neutral.
3. Market Overhangs and Sentiment
Investors remain cautious due to the stalled CLARITY Act, which continues to limit regulatory clarity in the crypto sector. Despite Bitcoin’s partial rebound, overall chatter around both the asset and Robinhood stayed at low levels.
4. Peer Comparison
Robinhood outperformed peers such as Riot Platforms and Coinbase, each up over 3%, while Bitcoin proxy MicroStrategy fell 1.76%. The stock’s relative strength highlights investor interest in Robinhood’s expanding product lineup.
