SoFi Technologies Inc. is trading at $16.87, down 4.9%, as broader risk-off sentiment and a sharp decline in cryptocurrency markets pressure fintech and crypto-exposed stocks.
- The move follows a recent rally above $18, marking back-to-back sessions of declines for the company.
- Broader market pressure is tied to escalating U.S.–Iran tensions and significant weakness in Bitcoin and Ethereum prices.
- The downward trend occurs in the absence of fresh company-specific news, reflecting a wider shift away from risk assets.