Stock Track | American Bitcoin (ABTC) Soars 5.19% as Eric Trump Urges Investors to "Buy the Dip" in Bitcoin

Stock Track

Nov 24

American Bitcoin Corp. (NASDAQ: ABTC) saw its stock surge 5.19% in a 24-hour period on Monday, as co-founder Eric Trump reiterated his bullish stance on Bitcoin and encouraged investors to capitalize on the current market dip. The rally comes amid a broader uptick in crypto-related stocks, reflecting renewed optimism in the digital asset space.

In a recent interview with CNBC, Trump, who is also the executive vice president of the Trump Organization, emphasized that "This is a great time to buy Bitcoin. There's no question." He restated his belief that Bitcoin would eventually reach $1 million per coin, though he admitted it might take "some years" to achieve this milestone. Trump's company, American Bitcoin, currently holds 4,004 BTC, valued at approximately $350 million, according to BitcoinTreasuries.net.

The positive sentiment in the crypto sector was further evidenced by gains in other crypto-related stocks. Bakkt Holdings rose 5%, while companies like IREN, Bitfarms, and Bit Digital saw increases of around 4%. This broader market movement, coupled with Trump's bullish comments, appears to have fueled investor enthusiasm for American Bitcoin, driving its significant price appreciation.

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(NASDAQ: ABTC) saw its stock surge 5.19% in a 24-hour period on Monday, as co-founder Eric Trump reiterated his bullish stance on Bitcoin and encouraged investors to capitalize on the current market dip. The rally comes amid a broader uptick in crypto-related stocks, reflecting renewed optimism in the digital asset space.</p>\n\n<p>In a recent interview with CNBC, Trump, who is also the executive vice president of the Trump Organization, emphasized that \"This is a great time to buy Bitcoin. There's no question.\" He restated his belief that Bitcoin would eventually reach $1 million per coin, though he admitted it might take \"some years\" to achieve this milestone. Trump's company, American Bitcoin, currently holds 4,004 BTC, valued at approximately $350 million, according to BitcoinTreasuries.net.</p>\n\n<p>The positive sentiment in the crypto sector was further evidenced by gains in other crypto-related stocks. Bakkt Holdings rose 5%, while companies like IREN, Bitfarms, and Bit Digital saw increases of around 4%. 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(NASDAQ: ABTC) saw its stock surge 5.19% in a 24-hour period on Monday, as co-founder Eric Trump reiterated his bullish stance on Bitcoin and encouraged investors to capitalize on the current market dip. The rally comes amid a broader uptick in crypto-related stocks, reflecting renewed optimism in the digital asset space.</p>\n\n<p>In a recent interview with CNBC, Trump, who is also the executive vice president of the Trump Organization, emphasized that \"This is a great time to buy Bitcoin. There's no question.\" He restated his belief that Bitcoin would eventually reach $1 million per coin, though he admitted it might take \"some years\" to achieve this milestone. Trump's company, American Bitcoin, currently holds 4,004 BTC, valued at approximately $350 million, according to BitcoinTreasuries.net.</p>\n\n<p>The positive sentiment in the crypto sector was further evidenced by gains in other crypto-related stocks. Bakkt Holdings rose 5%, while companies like IREN, Bitfarms, and Bit Digital saw increases of around 4%. This broader market movement, coupled with Trump's bullish comments, appears to have fueled investor enthusiasm for American Bitcoin, driving its significant price appreciation.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ABTC","symbol_name":"American Bitcoin","start_time":0,"source_url":"","article_id":"1171436743","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171436743","pubTimestamp":1763972319,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"American Bitcoin Corp. 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