Coinbase and Robinhood Shares Decline as Strong US Jobs Data Dampens Market Sentiment

Shares of Coinbase and Robinhood faced downward pressure on Friday following robust US employment data that increased market expectations for a Federal Reserve interest rate hike. Coinbase stock fell 4.21% to $184.59, while Robinhood shares dropped 1.17% to $123.26, reversing gains from the previous day's crypto-linked rally.