Shares of Trump family-backed crypto mining firm American Bitcoin halved in 30 minutes
Jinse Finance reported, citing Bloomberg, that the sharp correction in bitcoin prices over the past month is impacting the speculative sector of the cryptocurrency market. The latest victim is American Bitcoin Corp (ABTC). The share price of this crypto mining company, co-founded by Eric Trump, the second son of Trump, evaporated by more than half in less than 30 minutes on Tuesday, despite trading being halted multiple times due to extreme volatility. The stock once fell as much as 51%. According to market data, American Bitcoin is now trading at $2.07, a decline of 42.18%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Some users are unable to access ChatGPT, OpenAI says countermeasures have been taken
The probability of a 25 basis point rate cut by the Federal Reserve in December reaches 89.2%
The size of the US money market assets surpasses $8 trillion for the first time.
