Robinhood, Coinbase lead crypto stock rout as Trump rejects Iran plan

President Trump reportedly rejected Iran's offer to end the U.S. blockade and open the Strait of Hormuz, sending crude oil prices surging 6%. What to know : Bitcoin slipped under $76,000 Wednesday, pressured by surging oil prices. Robinhood and Coinbase led far larger declines in crypto-related stocks after the crypto slowdown helped HOOD to miss earnings forecasts Tuesday night. More catalysts are in store for later this afternoon, including the Fed meeting and tech earnings.