The post American Bitcoin collapses more than 50% in minutes as crypto sell-off deepens appeared on BitcoinEthereumNews.com.

American Bitcoin’s ABTC stock on Tuesday lost over half its market value in just 30 minutes on Tuesday. The crash triggered multiple trading halts as the miner, co‑founded by Eric Trump, got dragged down with the rest of the crypto market, as Bitcoin dropped more than 30% from its October peak, slamming every risky crypto bet still standing. The wipeout followed Monday’s massive liquidation event, where nearly $1 billion in leveraged crypto positions vanished. By Tuesday, markets had temporarily steadied. But that meant nothing for American Bitcoin. The damage was done. Crypto miner sinks after early rally fizzles American Bitcoin launched earlier this year as a spinout from Hut 8 Corp. The mining venture gained early hype. Traders pushed the stock up fast. But since its September peak, the company has now lost over 78% of its value. By November, American Bitcoin reported a net income of $3.5 million and $64.2 million in revenue for the third quarter. The earnings didn’t matter. The market was already punishing anything linked to crypto. That includes the Trumps. Donald Trump Jr., who holds shares in American Bitcoin, has also seen losses stack up. The family’s other crypto plays are hurting too. WLFI, the token tied to the Trump-backed DeFi platform World Liberty Financial, is down more than 30% from September. ALT5 Sigma, which holds WLFI, is down over 80% from its high. Eric, who helped launch the miner, didn’t flinch. He told Bloomberg News that he’s not backing off. “What a great buying opportunity,” he said. “People who buy dips and embrace volatility will be the ultimate winners. I have never been more bullish on the future of cryptocurrency and the modernization of the financial system.” Bitcoin’s history is full of deep drops, but the Trumps don’t just hold coins. They’ve embedded themselves…

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Filed under: News - @ December 2, 2025 7:26 pm