American Bitcoin (ABTC) Crashes 47%, Presidential Son Blames Points to Profit-Taking

We recently published December Disappointments: 10 Big Names Troubled Early. American Bitcoin Corp (NASDAQ:ABTC) is one of the worst performers of last week. American Bitcoin nosedived by 47.4 percent week-on-week, as investors sold off positions following the expiration of a lockup period, while presidential son and co-founder Eric Trump pointed to profit-taking as having dragged down its share price. “Our pre-merger private placement shares unlocked—these early investors are freely available to cash in o ...