Nasdaq corrects and takes down crypto stocks

Wall Street is clearly dissatisfied with President Donald Trump’s decision to start a war against Iran. Four weeks of uninterrupted declines has put the technology index Nasdaq into correction mode, while most crypto stocks that are traded there are also facing sharp pullbacks.

Sidelines

Robinhood, the trading app that became well-known during the Covid pandemic and on which many young Americans bought Bitcoin and Dogecoin, is one of the biggest victims of the March crash. While the stock was one of the strongest risers on the technology exchange last year, it has already fallen by 42% in 2026.

Coinbase, the largest American crypto trading platform, seemed last year to finally be on track to match the share price from its IPO (back in 2021), but this year things are going much worse due to the demise of Bitcoin. Coinbase stock has fallen by 32% since the beginning of this year.

Strategy, formerly MicroStrategy, remains the largest Bitcoin hodler among companies and currently has around 760,000 Bitcoins. The stock is still under pressure, although the drop in late February appears to be a low point (just as it was for Bitcoin itself). Compared to the beginning of the year, Strategy’s share price has fallen by about 17%.

Are these crypto stocks now becoming bargains, or is it better to stay on the sidelines for a little while longer? The coming weeks will tell.