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Bitcoin hits new highs, but Trump-linked crypto firms fall behind
Business
Bitcoin just shot up to $92,150—a solid 14.5% jump since late November—as traders bet on possible Fed rate cuts.
But while crypto is booming, companies tied to the Trump family aren't riding the wave.
American Bitcoin's stock crashed by 47%, and ALT5 Sigma dipped over 5%, even as Bitcoin soared.
Compliance headaches for ALT5 Sigma and others
ALT5 Sigma, connected to Trump ventures via World Liberty Financial, is in hot water with Nasdaq over late reports and board issues—their CEO's been suspended and earnings delayed.
Meanwhile, Trump Media & Technology Group managed a small rebound lately but is still down from its peak.
ALT5 Sigma faces a January deadline to fix compliance problems.