StocksMedium•5 November 2026•
1 min read
Robinhood and Affirm Shares Slump Amid Bitcoin Slide and Regulatory Concerns
Key Facts
1Robinhood shares sank 12% to $76 amid a broad sell-off in the fintech sector.
2Affirm shares dropped 8% as fintech firms were weighed down by a crypto slide and political shifts.
Robinhood shares sank 12% to $76 amid a broad sell-off in the fintech sector. 247wallst.com reported that Affirm shares also dropped 8% as fintech firms were weighed down by a slide in cryptocurrencies and potential political shifts in the US Congress.
HOOD closed at $87.41 on November 4, 2026, while AFRM closed at $75.59 on the same date. The decline followed a 5% drop in Bitcoin prices to $76,003, alongside market apprehension that Senator Elizabeth Warren's potential chairing of the Senate Banking Committee could lead to broader investigations into crypto firms and Wall Street banks.