Robinhood Drops 4%, Webull Tumbles 6% as NASDAQ 100 Selloff and Crypto Dip Hit Retail-Brokerage Stocks

Robinhood and Webull fell sharply in a risk-off session, with HOOD down about 4% and BULL down about 6% despite no company-specific news. The article attributes the move to profit-taking after strong recent gains and to weakness in the Nasdaq 100, with QQQ down roughly 1% intraday. Crypto softness also weighed on the group, as Bitcoin slipped about 2% to around $63,208, reinforcing concern for brokerages with crypto revenue exposure. The piece emphasizes that these are high-beta retail brokerage names that tend to amplify tech selloffs. It notes Robinhood’s profitability and growing transaction and net interest revenue, but also highlights valuation pressure and sensitivity to crypto volumes. For Webull, strong trading activity and customer asset growth were offset by ongoing losses and high volatility. Near-term direction is tied to whether QQQ and Bitcoin stabilize.