Bitcoin Mining Stock Linked to Trump Family Tumbles — WSJ
By Vicky Ge HuangShares of American Bitcoin, a bitcoin mining and treasury company backed by Eric Trump and Donald Trump Jr., are struggling Tuesday despite bitcoin's rebound from Monday's steep decline.The stock fell as much as 51% earlier in the day before paring losses. It was down about 40% in recent trading and on pace to close at its lowest level since it completed a reverse merger in September, according to Dow Jones Market Data.Crypto-linked stocks have experienced a broad pullback after bitcoin plunged by more than 30% from an early-October peak above $126,000. However, following its worst day since March on Monday, bitcoin has rebounded above $90,000 on Tuesday.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).