NEW YORK / LONDON (IT BOLTWISE) – Shares of Trump-linked crypto mining company American Bitcoin saw a dramatic plunge after previous investors sold their newly released shares. The price fell 35% and recovered slightly, but remains 80% below its peak. This development highlights the fragility of stocks that are heavily linked to digital assets.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
Shares of American Bitcoin, a crypto mining company with ties to the Trump family, saw a dramatic plunge after previous investors sold their newly released shares. The price fell 35% and recovered slightly, but remains 80% below its peak of $9.40 reached in September. This development highlights the fragility of stocks that are heavily linked to digital assets.
The dramatic fall in the price of American Bitcoin is another example of the volatility that is currently shaping the crypto market. The release of restricted shares for public trading led to massive selling pressure, pushing the company’s share price below $1.80 before recovering to $2.46. Matt Prusak, President of American Bitcoin, expressed confidence on X, emphasizing that he has already experienced similar setbacks.
Eric Trump, co-founder and chief strategy officer of American Bitcoin, tried to reassure investors by stating that he holds all of his shares and is 100% committed to the company. He attributed the volatility to early investors’ ability to realize profits for the first time. This uncertainty is also reflected in other companies that are heavily dependent on the crypto market, such as Coinbase and Circle, which are also under pressure.
American Bitcoin’s current situation is part of a larger trend in which companies heavily tied to cryptocurrencies are experiencing significant losses. The overall value of the crypto market is down almost 30% from its all-time high in October. This shows how much market uncertainty can impact stock prices, especially when regulatory issues and market volatility come together.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Volatility at Trump-linked Bitcoin company: Stock price plummets”.