On July 18, Bitcoin (BTC) fell below $118,000, sparking discussions among notable figures in the cryptocurrency space.
Bitcoin's Price Drop
The price of Bitcoin dropped below $118,000 on July 18. This decline caused a significant reaction in the market, where investors began discussing potential strategies. The market continues to show its characteristic volatility, oscillating.
Eric Trump's Comments
Eric Trump, the son of US President Donald Trump, took to social media platform X to reshare his 'Buy the dip!' call from February 25. He believes that BTC presents a buying opportunity. It's worth noting that following his previous post in February, Bitcoin experienced a brief surge before fluctuating again.
Changpeng Zhao's Opinions
Binance founder Changpeng Zhao also shared his thoughts, stating that 'cryptocurrencies are volatile.' Commentators interpreted this as a hint at potential market changes. Historical data shows that Ethereum (ETH) increased following 5 of the 6 similar posts made by CZ. However, Zhao clarified that his post was informal and that the community should not over-interpret his statement.
The situation in the cryptocurrency market remains tense, and the opinions of experts like Eric Trump and Changpeng Zhao continue to attract the attention of investors and analysts. The future of Bitcoin and other cryptocurrencies remains uncertain.
