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📉 Crypto-exposed stocks slide as oil spikes on geopolitical tensions

Robinhood and Coinbase led a broader crypto stock rout after President Trump rejected Iran’s proposal to end the U.S. blockade and reopen the Strait of Hormuz, according to Coindesk data. Crude oil prices surged 6% on the news.

📉 Crypto-exposed stocks slide as oil spikes on geopolitical tensions.

Robinhood and Coinbase led a broader crypto stock rout after President Trump rejected Iran’s proposal to end the U.S. blockade and reopen the Strait of Hormuz, according to Coindesk data. Crude oil prices surged 6% on the news.