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🚨 Nasdaq has temporarily halted trading of American Bitcoin (ABTC) 5 times on its launch day due to excessive volatility.
ABTC — the Bitcoin mining company co-founded by Eric Trump & Donald Trump Jr. — surged nearly +85% in a day to $14 after merging with Gryphon Digital Mining, before adjusting to around $9.8.
This floor greeting shows the increasing thirst of Wall Street for digital asset companies. Many crypto businesses are choosing the path of mergers & SPACs instead of traditional IPOs to quickly access the US market.
With the brand associated with the Trump family and the appeal from the market, ABTC marks the growing interest of the organization in Bitcoin mining stocks. 🔥
#Bitcoin ABTC #CryptoStocks WallStreet