American Bitcoin Plummets 39% Amid Trump Family Crypto Losses
TL;DR Summary
American Bitcoin (ABTC) experienced a 39% drop due to profit-taking by investors, despite reporting a significant turnaround with a net profit of $3.47 million and a 453% revenue increase, with co-founder Eric Trump attributing the sell-off to investors cashing in profits for the first time.
- American Bitcoin (ABTC) Nosedives 39%, Trump Blames ‘Profit-Taking’ Yahoo Finance
- Bitcoin sell-off halts Trump family's crypto windfall ABC News
- Eric Trump’s cryptocurrency firm tumbles nearly 40% amid ‘crypto winter’ The Guardian
- The 26-Minute, 51% Wipeout That Deepened Trumps’ Crypto Woes Bloomberg.com
- American Bitcoin steadies after share lock-up expiry sparks near 40% plunge Reuters
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