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Markets / The Economic Times

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The 26-minute, 51% wipeout that deepened the Trumps crypto woes

American Bitcoin Corp. shares plunged over 50% in minutes, highlighting the collapse of Trump-linked crypto ventures. While Bitcoin and broader crypto markets fell around 25% in recent months, Trump-associated tokens and projects, including memecoins, Alt5 Sigma, and World Liberty Financial, suffered far steeper losses. The setbacks underscore the volatility of crypto markets and the waning influence of presidential promotion on investor confidence.

3 Dec 2025 10:54 am