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%.
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