ByZachary Folk,
Forbes Staff.
The stock price for American Bitcoin, a cryptocurrency mining firm associated with President Donald Trump’s sons Eric Trump and Donald Trump Jr., stumbled Tuesday, rapidly declining more than 50% at times in the morning as the price of bitcoin recovers following a recent drop.
The price for ABTC collapsed 42% as of 12 p.m. EST, recovering slightly after falling as much as 51% in the hour after markets opened.
Eric Trump is American Bitcoin’s co-founder and chief strategy officer, while Donald Trump Jr. is listed on the company’s website as an investor.
