Robinhood stock surged more than 13% Friday, closely tracking a massive rally in Bitcoin, which ripped past $77,000 in its best week since 2023. Crypto trading has become one of Robinhood's biggest revenue drivers, making the stock a high-beta play on Bitcoin's every move. The rally follows Wednesday's White House cryptocurrency summit, where President Donald Trump met with SEC Chairman Paul Atkins, CFTC Chairman Michael Selig, and executives from Coinbase, Robinhood, Ripple, and Kalshi. Trump urged Congress to pass the CLARITY Act, which would establish clear regulatory standards for digital assets. Coinbase stock also gained roughly 8% on the same news. HOOD is now trading well above its 20-day, 50-day, 100-day, and 200-day moving averages. $HOOD $BTC $COIN
#Robinhood #Bitcoin #Crypto
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