Bitcoin and Ethereum are back in the spotlight after Eric Trump, son of the former U.S. president, publicly encouraged investors to buy the two cryptocurrencies during the latest market pullback.
A Post That Shook the Market
Over the weekend, Eric Trump posted on X (formerly Twitter):
“₿uy the dips!!! $BTC $ETH”.
The statement urged traders to take advantage of lower prices to accumulate Bitcoin (BTC) and Ethereum (ETH), a strategy widely known as “buying the dip.”
His message came as the crypto market faced a brief correction, with Bitcoin trading near $113,000 and Ethereum around $3,500, both down roughly 2% to 4% in daily moves.
The Trump Family’s Crypto Footprint
Eric Trump’s endorsement is not random. He is co-founder of American Bitcoin, a mining company that has raised approximately $220 million and currently holds over 215 BTC mined.
Meanwhile, the family’s investment arm, World Liberty Financial, reportedly owns about 77,226 ETH, purchased at an average price of roughly $3,294 according to on-chain data.
The Trump network has also filed for a “blue chip” crypto ETF featuring Bitcoin, Ethereum, and Solana, signaling a broader strategy to establish influence in the digital asset sector.
Strategy and Market Risks
Eric Trump had issued a similar “buy the dip” call back in February, when Ethereum fell to $1,400 before later rallying to around $3,900.
While this strategy has paid off in the past, analysts caution that the crypto market remains highly volatile, and following social media advice without risk management can lead to steep losses for inexperienced investors.
Source: CryptoBriefing, MEXC, Wired, The Daily Beast, Times of India
