Rumors of American Bitcoin merging with Gryphon Digital Mining have attracted investor attention, but official confirmations are yet to surface. This raises questions about potential market impact.
Rumors of American Bitcoin Merger
Reports suggest that American Bitcoin, allegedly backed by Donald Trump Jr. and Eric Trump, plans to undergo a reverse merger with Gryphon Digital Mining in 2025. However, there are no verifiable confirmations of these claims, and the sources cited by ChainCatcher lack primary support. This brings legitimacy questions about the rumors.
Bitcoin Market Amid Rumors
As of now, Bitcoin (BTC) is trading at $119,061.74, with a market cap of $2.37 trillion. Trading volumes have reached $98.47 billion in the past 24 hours, with a slight price drop of 2.54%. Over the past 90 days, BTC has climbed 15.19%. Unlike the verified Core Scientific merger in 2021, reports about the American Bitcoin and Gryphon Digital Mining merger lack official confirmation.
Industry Reaction to Unverifiable Reports
The industry's reaction to these rumors has been cautious. There have been no official statements from the Trump family or Gryphon Digital Mining. The absence of government documentation and endorsements from major players leaves many within the sector skeptical, reducing any immediate market reaction.
The rumors surrounding the merger of American Bitcoin with Gryphon Digital Mining raise important questions about the credibility of information sources in the cryptocurrency industry. The lack of official confirmations leads to a careful and vigilant market.
