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Market News

American Bitcoin (ABTC) Gains 6% as Crypto Market Rebound Lifts Shares

American Bitcoin shares climbed to $8.44 as Bitcoin rose 2.2% over 24 hours amid a broader crypto market recovery.

Written By Sharmistha Suman
Edited by Shubham Soni
Published 38 minutes ago·Updated 17 minutes ago
Make The Crypto Times preferred on GoogleGoogle
American Bitcoin (ABTC) Gains 6% as Crypto Market Rebound Lifts Shares

Key Highlights

  • American Bitcoin Corp. (ABTC) shares rose 6.43% to $8.44 during the August 24 trading session.
  • The stock traded between $7.93 and $8.80, with volume reaching approximately 1.95 million shares.
  • The broader crypto market gained 1.8%, reaching a total market capitalization of $2.74 trillion.

Shares of American Bitcoin Corp (ABTC), the Bitcoin miner and treasury company co-founded by Eric Trump, traded at $8.44 as of 6:33 PM UTC on August 24, 2026, during market hours. The price reflected an increase of $0.51, or 6.43%, from the previous close of $7.93. 

According to Yahoo Finance data, the stock opened at $8.01 and traded between $7.93 and $8.80 during the session. Trading volume stood at 1,946,660 shares, compared with an average volume of 1,390,698.

ABTC Price Movement on August 24 at 633 PM UTC
ABTC Price Movement on August 24 at 6:33 PM UTC | Source: Yahoo Finance 

The one-day price chart for ABTC showed movement higher during the session, with the price advancing from levels near the previous close and reaching the reported figure of $8.44. Intraday market capitalization for American Bitcoin Corp was listed at $1.029 billion. The 52-week range for the shares stood at $4.92 to $217.80.

ABTC rises as crypto market rebounds

The move in ABTC came as the broader cryptocurrency market also advanced during the session.

The global cryptocurrency market capitalization stood at $2.74 trillion, up 1.8% over the last 24 hours on August 24. According to the data from CoinGecko on August 24 at 6:33 PM UTC, total cryptocurrency trading volume over the previous 24 hours was approximately $123 billion. Bitcoin accounted for 57.7% of the market, while Ethereum accounted for 10.9%. 

However, ABTC has not consistently moved in line with the broader crypto market. As reported by CryptoTimes on August 21, when crypto stocks were surging due to a wider crypto rally, ABTC stock went in the opposite direction, falling over 5% on the same day.

Bitcoin price movement

The rise in ABTC shares coincided with a broader advance in Bitcoin.

Bitcoin traded at $79,048.71 at 6:33 PM UTC on August 24, up 2.2% over 24 hours and nearly 23% over the previous seven days, according to CoinGecko.

BTC Price Movement at 6:33 PM UTC on August 24
BTC Price Movement at 6:33 PM UTC on August 24 | Source: CoinGecko 

Bitcoin’s 24-hour trading range was $76,718.09 to $79,954.66, while its seven-day range was $63,996.06 to $79,954.66. Bitcoin’s market capitalization was listed at $1.587 trillion. Circulating supply stood at 20.072 million, with a total supply of 20.074 million and a maximum supply of 21 million.

The ABTC price data reflects open-market activity on August 24, 2026. The Bitcoin and broader cryptocurrency market figures correspond to the same period.

Also Read: Can Bitcoin Price Break $80,000 in the August Rally?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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