On Tuesday, shares of Bitcoin mining firm American Bitcoin Corp. took a significant hit, plunging 22% in pre-market trading. This downturn was primarily driven by the ongoing slump in Bitcoin prices. Notably, Eric Trump, son of former President Donald Trump, serves as a co-founder and the chief strategic officer of the company. Since reaching an all-time peak in October, Bitcoin's value has plummeted by roughly 30%. In tandem, American Bitcoin's stock price has also suffered, plummeting more than 60% from its September high.
