According to Bloomberg, the sharp correction in bitcoin prices over the past month is having an impact on the speculative sector of the cryptocurrency market.
The latest casualty is American Bitcoin Corp. (ABTC). Shares in the crypto miner, co-founded by Trump's second son Eric Trump, more than halved in less than 30 minutes on Tuesday, despite trading being suspended several times due to wild swings. The stock fell as much as 51 percent at one point.
According to market data, American Bitcoin shares are now trading at $2.07, down 42.18%.
Trump family-backed crypto miner American Bitcoin shares "halved" in 30 minutes
2025-12-02 16:35:00
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