Financial and Crypto Firms Show Mixed Results Amid Bitcoin Correction

금융/은행 | Sun Aug 02 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 5 sources

During Bitcoin's 50% plunge, BlackRock resumed ETF buying, Robinhood and Coinbase posted weak results, while Goldman trading thrived.

Analysis

[Bitcoin] dropped 50% from peak, creating a buying opportunity ^[3]

• Halved from October's all-time high
• falling to around $64
• 000
• Following the four-year cycle theory of three years up and one year of correction
• Historical bear market drawdowns gradually narrowed from 94% in 2011 to 54% in 2026

[BlackRock] resumed Bitcoin ETF buying ^[1]

• Buying rebounded while ETF investors sit on an average 22% loss

[Robinhood Markets] saw shares fall 43% due to crypto weakness despite booming prediction markets ^[2]

• Q2 event contract revenue grew 10x to $156 million
• Equity trading revenue surged 95% year-over-year
• Crypto segment revenue fell 38%
• weighing on growth
• Gold membership subscribers grew 39%

[Coinbase] missed earnings due to crypto market weakness ^[4]

• Analysts attribute the miss to crypto market weakness rather than business fundamentals

[Goldman Sachs] traders on pace for record-breaking year ^[5]

• Trading division heading toward a record year

Sources

• [1] BlackRock Bitcoin Buying Rebounds as ETF Investors Sit 22% Underwater - Yahoo Finance
• [2] Could Buying This Financial Stock Today Set You Up for Life? - The Motley Fool
• [3] History Says That Bitcoin Is an Unbelievable Bargain Right Now - The Motley Fool
• [4] Analysts see Coinbase miss driven by crypto market weakness, not business fundamentals - CNBC Investing
• [5] Goldman traders are on pace for a record year. A close-up look at how they're doing it - CNBC Finance