Eric Trump has once again caught the crypto community’s attention, this time with a bullish call on Bitcoin. However, unlike his Ethereum prediction, which aligned with a dramatic price reversal, Bitcoin's reaction has been much more subdued.
Eric Trump’s Market Influence
On February 6, Eric Trump posted on X, stating, “Feels like a great time to enter #BTC!” The post initially pushed Bitcoin past $98,000 before the price settled at around $97,650, reflecting only a modest 0.4% hourly gain.
This response differs significantly from the Ethereum market movement following his February 1st tweet. After a major sell-off triggered by President Donald Trump’s tariff announcement, Ethereum plummeted by 37% but rebounded over 35% within 18 hours of Eric Trump’s tweet.
Bitcoin’s Current Market Dynamics
Unlike Ethereum, which was oversold before its recovery, Bitcoin has been trading near record highs. The cryptocurrency has experienced steady gains in recent months, making a sudden reversal less likely.
Will Bitcoin Follow Ethereum’s Path?
Traders are closely monitoring whether Trump’s call will have a lasting impact on Bitcoin’s trajectory. While his Ethereum tweet coincided with a pivotal market moment, Bitcoin’s high price levels suggest a different trading environment.
Whether this tweet marks a meaningful shift remains to be seen, but it underscores the growing intersection of politics, media, and cryptocurrency markets.
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