American Bitcoin, a mining company formed through a reverse merger involving Hut 8's ASIC mining fleet and led by Eric and Donald Trump Jr., has lost about 92% of its value since going public. This steep decline far exceeds Bitcoin's own 25% drop over the same period. The company reported net losses exceeding $150 million in 2025 and an additional $138 million in the first half of 2026, primarily due to falling Bitcoin prices. Despite the losses, American Bitcoin positions itself as a pure-play Bitcoin accumulation platform combining mining operations with strategic accumulation plans.
Bitcoin's market cap on Pluang stands at Rp30.022 trillion as of September 30, 2026, with a 24-hour trading volume of Rp504.93 trillion. Despite American Bitcoin's steep 92% value loss since its reverse merger, Bitcoin itself shows a more moderate 0.49% decline in the past day on Pluang, trading at Rp1.500.800.065. Pluang users currently show a 70% buy order activity, holding Bitcoin for an average of 110 days as of the same date and time.
Bitcoin maintains a generally positive outlook despite market volatility, with a possible correction to the $79,000-$82,000 range seen as healthy before resuming its upward trend. Key resistance is at $87,400, and a clear break above this could signa...
Bitcoin has surged 7.33% in September through the 29th, on track to record its best September performance ever, surpassing the previous 7.29% gain in 2024. To secure this record, Bitcoin must close the month above approximately $83,600. A positive fi...
Anthropic, a San Francisco AI firm, is considering an IPO that could value it above $2 trillion, surpassing SpaceX's recent $1.77 trillion debut. Bitcoin is showing a strong September with a 7% rise, potentially breaking a 12-year pattern of negative...
Bitcoin fell 1.3% after reaching a target of $85,000, entering a normal profit-taking phase but remains bullish overall. Investors are closely watching upcoming U.S. inflation data, which could influence Federal Reserve rate hike decisions and impact...
Bitcoin's price bounced back to reclaim $84,000 on September 29 after dipping to a local low of $82,555. The market shows strong bullish momentum with 13 moving averages signaling buy, though the 10-period SMA remains bearish. Bitcoin faces resistanc...
