These 3 Crypto Stocks Now Sit on Tech’s ‘Stealth’ Bear Market List

Coinbase, Circle and Robinhood appeared on The Kobeissi Letter’s list of 20 technology stocks that have fallen sharply from recent highs, losing 56%, 44% and 40% of their value respectively; the market-commentary account said the declines signaled a stealth bear market. An October 15 analysis by the account said 84% of S&P 500 members were at least 10% below all-time highs and 59% were down at least 20%, even as a small group of large tech companies drove most gains. Coinbase, an exchange, also disclosed that a security incident at analytics provider Amplitude exposed some customer contact information, though it said its systems were not breached.