Bitcoin News Today: Despite Strong Earnings, Crypto Stocks Sink on Macro Fears and Regulatory Uncertainty

Coinbase Global (COIN), Block Inc. (SQ), and Robinhood Markets (HOOD) endured a volatile week in November 2025, with shares of the crypto-focused firms plunging 11% to 14%, underscoring renewed macroeconomic concerns and lingering fragility in the digital asset sector, according to a Cointelegraph report. Despite mixed corporate earnings and strategic product launches, broader market pressures — including Bitcoin's (BTC) 20% correction from its all-time high — were highlighted in a crypto.news analysis.

Coinbase reported $1.9 billion in Q3 revenue, driven by robust trading activity and the expansion of its "Everything Exchange" initiative, which now supports over 40,000 tradable assets, according to a CoinRepublic report. The firm also launched CFTC-regulated perpetual futures and partnered with Citi to streamline institutional crypto payments. However, COIN shares fell 3.89% on Nov. 3 amid uncertainty over regulatory clarity and market liquidity, a point noted in the CoinRepublic coverage.

Meanwhile, Block Inc. faced renewed scrutiny after missing quarterly forecasts and reporting slowing growth in its Square payments unit, contributing to its 11% weekly decline, as detailed by Cointelegraph.

Robinhood, the best-performing of the trio year-to-date with a 200% gain, delivered a strong Q3 earnings report, surpassing revenue expectations by 88.2% to $1.2 billion and reporting 26.5 million users, per a TradingView preview. Yet, a leadership shakeup and softer-than-anticipated crypto segment growth overshadowed the results, sending shares down 14% for the week, a dynamic also covered by Cointelegraph. Analysts note that while Robinhood's adjusted EBITDA beat and user growth signal resilience, the broader consumer internet sector has underperformed, with average share prices dropping 4.2% in the past month, as the TradingView piece observed.

The selloff coincided with a broader risk-off environment, driven by the U.S. government shutdown, which historically correlates with weak crypto liquidity, a trend earlier discussed by crypto.news. Bitcoin's price fell below $100,000 on Nov. 4, reigniting fears of systemic vulnerabilities exposed by October's $19 billion liquidation event, another point covered by Cointelegraph. While institutional inflows into crypto ETFs provided some relief, the Fear & Greed Index remained at 33 (fear), according to a CoinPedia analysis.

Coinbase's strategic pivot toward institutional B2B services — such as its decentralized exchange integrations and tokenized asset offerings — positions it to benefit from the $2 trillion projected tokenized asset market by 2028, a projection discussed in the CoinRepublic report. Similarly, Robinhood's focus on crypto trading volume growth and user retention could mitigate long-term risks, but near-term volatility is expected as macroeconomic clarity remains elusive, consistent with observations from TradingView.

The week's turbulence highlights the challenges facing crypto-linked equities, where corporate innovation and regulatory developments must contend with macroeconomic headwinds and investor sentiment. With Bitcoin's technical indicators showing a consolidation phase near $109,200 and Ethereum (ETH) facing short squeeze risks, the path for COIN, SQ, and HOOD will hinge on their ability to navigate a fragmented market landscape, as previously outlined by CoinPedia.