The cryptocurrency mining company supported by the Trump family saw its stock price "halved" in 30 minutes.

By: theblockbeats.news|2025/12/02 16:17:52

BlockBeats News, December 3rd, according to Bloomberg, the sharp pullback in Bitcoin's price over the past month is beginning to impact the cryptocurrency market's speculative sector.

The latest victim is American Bitcoin Corp (ABTC). The stock price of this crypto mining company co-founded by Eric Trump, son of former President Donald Trump, evaporated more than half in less than 30 minutes on Tuesday, despite trading being halted multiple times due to intense volatility. The stock price plummeted by as much as 51% at one point.

According to market data, the price of American Bitcoin is now at $2.07, a 42.18% decline.

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