Stock Track | American Bitcoin Plunges 24% in Pre-Market as Bitcoin Prices Decline

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American Bitcoin (ABTC) saw its shares tumble 24.02% in pre-market trading on Tuesday, driven by the continued decline in Bitcoin prices. The cryptocurrency has fallen roughly 30% from its record high in October, putting pressure on Bitcoin-related stocks.

The Miami-based miner, which recently became a standalone public entity, has aggressively scaled its operations. Despite its scalable and asset-light mining approach, the broader market downturn in Bitcoin has significantly impacted its stock performance. Co-founder and chief strategy officer Eric Trump emphasized the company's focus on long-term value creation, but the short-term market reaction has been severe.

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The cryptocurrency has fallen roughly 30% from its record high in October, putting pressure on Bitcoin-related stocks.</p><p>The Miami-based miner, which recently became a standalone public entity, has aggressively scaled its operations. Despite its scalable and asset-light mining approach, the broader market downturn in Bitcoin has significantly impacted its stock performance. Co-founder and chief strategy officer Eric Trump emphasized the company's focus on long-term value creation, but the short-term market reaction has been severe.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ABTC","symbol_name":"American Bitcoin","start_time":0,"source_url":"","article_id":"1170950493","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170950493","pubTimestamp":1764683425,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"American Bitcoin (ABTC) saw its shares tumble 24.02% in pre-market trading on Tuesday, driven by the continued decline in Bitcoin prices. 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