Eric Trump’s Ethereum Tweet Sparked a Rally—Will Bitcoin Follow?
Eric Trump’s Ethereum tweet has lined up with one of the biggest inversions in months. Now he turns into Bitcoin-Does this call mean something?
Eric Trump’s latest comment on Bitcoin (BTC) triggered chatter, although its immediate impact on the market seems to be limited.
On February 6, he went to X, publishing: “Feel a good time to enter #BTC!” The remark briefly pushed Bitcoin in front of $ 98,000 before returning to around $ 97,650, reflecting only a modest time gain of 0.4% at the time of the editorial staff.
https://twitter.com/erictrump/status/1887315608381108271
The reaction contrasts with what happened a few days earlier when Eric Trump’s tweet on Ethereum (Ethn) has coincided with a spectacular market turnaround.
On February 1, Ethereum was already in trouble after President Donald Trump’s price announcement triggered a market -scale sale. On February 3, Ethereum had crushed, plunging 37% compared to his recent summit on January 31, marking one of his most pointed in recent history.
Then came on February 4 of Eric Trump: “It’s time to add ETH.”
Within the 18 hours after the lowest point, Ethereum had rebounded more than 35%, from $ 2,300 to more than $ 2,900 in less than a day. Ethereum has since stabilized, merchant about $ 2,830 on February 6.
Although correlation does not imply causation, rapid price fluctuations after its previous tweet led some traders to pay particular attention to its market calls.
Bitcoin, which has experienced a solid gathering in recent months, remains in a market structure entirely different from that Ethereum at the time of the comments of Eric Trump. While his tweet Ethereum coincided with a background of the market and the conditions of extreme surveillance, Bitcoin was negotiated near the record peaks, leaving less room for a sudden turnaround.
Traders looking for history to repeat themselves may have to wait a little longer to see if this tweet has the same type of weight.
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