Bitcoin Mining Stock Linked to Trump Family Tumbles
Market Intelligence Analysis
AI-PoweredAmerican Bitcoin, a bitcoin mining and treasury company backed by the Trump family, is experiencing a significant decline in its stock value, down about 40% in recent trading, despite the rebound of bitcoin.
Market impact analysis based on bearish sentiment with 86% confidence.
Article Context
Shares of American Bitcoin, a bitcoin mining and treasury company backed by Eric Trump and Donald Trump Jr., are struggling Tuesday despite bitcoin’s rebound from Monday’s steep decline. It was down about 40% in recent trading and on pace to close at its lowest level since it completed a reverse merger in September, according to Dow Jones Market Data. Eric Trump, co-founder of American Bitcoin, attributed the stock’s volatility to the release of shares that were previously restricted.
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