American Bitcoin Corp. shares plummeted over 50% amid crypto market crash, wiping billions from Trump family’s wealth.

Shares in American Bitcoin Corp., co-founded by Eric Trump, tumbled over 50% in minutes Tuesday, triggering trading halts amid broader crypto market turmoil. The plunge followed a 30% drop in bitcoin since its October peak, wiping out $1 trillion in global crypto value and erasing about $1 billion from the Trump family’s net worth. Related assets, including the $TRUMP meme coin and Trump Media and Technology stock, saw steep declines, while World Liberty Financial’s token also dropped sharply. Despite the losses, family members continue promoting their crypto ventures as “great buying opportunities.”