Source: BeInCrypto ↗
American Bitcoin’s $126 Million Profit Rode Bitcoin’s Rally. Q4 Is Testing It
Translation unavailable. Please try again.
What the source reports
American Bitcoin (ABTC) earned $126 million in the third quarter (Q3), powered by a $197.3 million Bitcoin (BTC) gain. Without it, the miner’s operations posted a small loss. The company, co-founded by Eric Trump, released its earnings after the US market closed on November 4. Its stock had already fallen 5.6% from the prior close The post American Bitcoin’s $126 Million Profit Rode Bitcoin’s Ral...
Read the original report on BeInCrypto ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Crypto crash wipes out $954M in longs as Bitcoin falls below $76K
Bitcoin has fallen below $76,000 on Nov. 5 as a cryptocurrency selloff has wiped out $954.38 million in leveraged long positions, pushing total 24-hour liquidations to $1.08 billion. According to CoinGecko, Bitcoin fell 5.8% over the past 24 hours to…
Bitcoin crashes below $76,000 as AI bubble fears wipe $2.5 trillion from Wall Street
Technology stocks plunged after the Democratic midterm sweep intensified concerns over AI spending, dragging Bitcoin lower as leveraged traders suffered heavy losses. Bitcoin hit an intraday low of $75,568 on Thursday and recovered to $76,830.67 as of press time, as a historic selloff in US technology stocks spilled into crypto markets and triggered more than… Read the full story on CryptoSlate Un...
Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees 'glass half full'
The post-election rally quickly reversed as AI stocks plunged, but cryptocurrencies held up relatively better despite a $1 billion liquidation wave.