Trump’s Crypto Universe Just Crashed–and American Bitcoin Took the First Hit
This article first appeared on GuruFocus.
Investors woke up to a brutal reset on Tuesday as American Bitcoin (NASDAQ:ABTC) unraveled almost immediately after the bell, dropping 33% at 9:31 a.m., sliding to 42% minutes later, and sinking more than 50% by 9:56. The velocity of the decline has become a proxy for a wider shakeout across Trump-influenced digital assets, which have been markedly weaker than the broader crypto pullback. Bitcoin has fallen roughly 25% in the last two months, yet Trump-linked names have endured deeper hits: World Liberty Financial’s WLFI token is down 51% from its early-September peak, Alt5 Sigma has slipped about 75% amid legal pressure, and the Trump- and Melania-themed memecoins have given up roughly 90%…
