coin-img-ETHETH+3.50%coin-img-BTCBTC+0.05%coin-img-SOLSOL+0.75%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.02%coin-img-UCNUCN+0.30%coin-img-DOGEDOGE-0.49%coin-img-HYPEHYPE+2.49%coin-img-ETHETH+3.50%coin-img-BTCBTC+0.05%coin-img-SOLSOL+0.75%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.02%coin-img-UCNUCN+0.30%coin-img-DOGEDOGE-0.49%coin-img-HYPEHYPE+2.49%coin-img-ETHETH+3.50%coin-img-BTCBTC+0.05%coin-img-SOLSOL+0.75%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.02%coin-img-UCNUCN+0.30%coin-img-DOGEDOGE-0.49%coin-img-HYPEHYPE+2.49%coin-img-ETHETH+3.50%coin-img-BTCBTC+0.05%coin-img-SOLSOL+0.75%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.02%coin-img-UCNUCN+0.30%coin-img-DOGEDOGE-0.49%coin-img-HYPEHYPE+2.49%
user-avatar
Gino Matos

ABTC Shares Fall 50% Intraday as Bitcoin Rises to $93,324, Exposing Proxy Investment Risks

Bitcoin recovered from $86,286 on December 2 to $93,324, gaining 8%, while American Bitcoin (ABTC) shares dropped as much as 50% intraday. The divergence reflects different catalysts: Bitcoin benefited from improved macroeconomic conditions and Vanguard's expanded crypto ETF access. ABTC suffered from a lock-up expiry that flooded the market with previously restricted shares.
Selected
BTC
BTC+0.02%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
StocksTrading