The 26-minute Tuesday crash, 51% wipeout that deepened Trumps’ crypto woes
US president Donald Trump
The crash Tuesday in the crypto miner American Bitcoin Corp. was instantaneous. At 9.31am on Wall Street, just one minute after trading started, its shares were down 33%. Five minutes later, losses had ballooned to 42% and then, by 9.56am, to more than 50%.It was all so spectacular that American Bitcoin became the symbol of not just the crypto market wipe-out of late 2025 but also the collapse of the myriad ventures that the Trump family has been promoting in the digital-currency world over the past year. For as much as broader crypto markets have sunk these past two months — roughly 25% in the case of bellwether Bitcoin — projects that are tied to the Trump family are down far, far more. World Liberty…
