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Bitcoin pullback triggers a chain reaction, this mining company's stock price slumps 50% in half an hour.
In the last month, this pullback of Bitcoin has already started to affect the speculative zone.
The mining company American Bitcoin Corp (ABTC) is a typical case. Within less than half an hour on Tuesday, the company's stock price was halved, with severe fluctuations even triggering multiple circuit breaker trading pauses. At one point, the decline reached as much as 51%.
As of now, the stock price of American Bitcoin is at $2.07, with a daily drop of 42.18%. By the way, one of the co-founders of this mining company is Eric Trump.