Stock Track | American Bitcoin Soars 8.68% in Pre-Market as Bitcoin Rebounds to $93,000
Stock Track12-03 18:30
American Bitcoin (ABTC) surged 8.68% in pre-market trading on Wednesday, marking a sharp recovery from its recent lows. The stock had previously plummeted due to the expiration of its lock-up period, which allowed early investors to sell their shares.
The rally in ABTC was part of a broader uptick in crypto-related stocks, driven by a rebound in Bitcoin prices. Bitcoin rose 2% to a two-week high of $93,633.70, boosting investor sentiment across the sector. This positive momentum in the crypto market helped ABTC and other crypto stocks recover from recent losses.
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