Bitcoin Volatility Hits Rare Low as ABTC Misses Earnings
American Bitcoin (ABTC), founded by President Trump's sons Eric and Donald Jr., reported a loss of $57.15 million for the quarter-ended June 30.
Earnings per share (EPS) were a loss of $0.80, missing estimates of a gain of $0.15, while revenue of $67 million missed expectations of $73.8 million.
In other news, Bitcoin's realized volatility has fallen below its 30-day average, a rare signal that could indicate it's time to buy.