A US-based crypto miner, American Bitcoin Corp., saw its shares plummet by over 50% just 30 minutes after trading began on Tuesday. This sudden crash marked a significant turn in the cryptocurrency market’s decline, which has seen broader markets drop around 25% in recent months. The collapse of American Bitcoin Corp. is part of a larger trend affecting projects linked to the Trump family’s digital ventures, which have seen even more substantial losses.
Source: https://www.bloomberg.com/news/articles/2025-12-03/down-90-or-more-trump-family-assets-are-outpacing-crypto-crash