Etherium tweet of Eric Trump rowed with one of the largest invertexes a month. Now, he is turning to bitcoin – does this call mean anything?
Eric Trump’s latest comment on Bitcoin (BTC) has made nonsense, although its immediate market effect seems to be limited.
On 6 February, he took to the X, posting, “looks like a great time to enter the #BTC!” Comment pushed bitcoin before $ 98,000 before returning to $ 97,650, which reflects only a modest 0.4% per hour profit at the time of writing.
This reaction is the opposite of what happened a few days ago when Eric Trump’s tweet on the Etharium (ETH) took place with a change in a dramatic market.
On 1 February, the Atherium was already struggling after the tariff announcement of President Donald Trump, causing market-wide sales. As of 3 February, Etharium had marked one of its fastest drops in recent history on 31 January, with a decline of 37 percent from its recent high levels.
This was followed by Eric Trump’s 4 February post: “This is a good time to add ETH.”
Within 18 hours of killing its lowest point, the Atherium revolted more than 35%, which had exceeded $ 2,300 to more than $ 2,900 under one day. The Etharium has since stabilized, trading around $ 2,830 as 6 February.
While the correlation is not the cause of the correlation, the rapid price swings after their previous tweet have inspired some traders to closely pay attention to their market calls.
Bitcoin, which has seen a strong rally in recent months, remains in a completely different market structure compared to the atherium at the time of Eric Trump’s comments. While his atherium tweet matched a market and with extreme oversold conditions, Bitcoin is trading near record high, which suddenly left less space for turnout.
Traders seeking history to repeat themselves may have to wait a while to see if this tweet lifts the same weight.
