American Bitcoin

American Bitcoin, a cryptocurrency venture linked to Donald Trump, has lost more than 90% of its value, according to a report by Protos. The collapse marks a dramatic fall for a company whose association with the Trump family drew heavy attention and speculative investment. Observers are pointing to it as another example of the volatility and risk surrounding politically connected crypto projects.

Rising financial strain on American households is being flagged as a potential headwind for Bitcoin. US credit card stress has reportedly reached multi-year highs, and analysts warn that worsening consumer finances could weigh on risk assets, including cryptocurrency, as investors grow cautious about spending, debt levels and the broader economic outlook.