Trump’s Bitcoin Stock Halts Amidst Market Volatility

The debut of American Bitcoin (ABTC), a Bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., was met with volatility, prompting five trading halts on the Nasdaq Wednesday. Shares of ABTC soared nearly 85%, reaching $14 per share before retracing to current levels around $9.80. This surge followed ABTC’s merger with Gryphon Digital Mining, another crypto mining company. The stock exchange halted trading several times during the initial listing. Sources: New York Stock Exchange (NYSE).