Eric Trump's recent tweet about Bitcoin sparked discussions but has not significantly impacted the market. Unlike his previous Ethereum statement, the current impact on Bitcoin appears limited.
The New Tweet and Its Consequences
On February 6, Eric Trump tweeted: 'Feels like a great time to enter #BTC!' This statement briefly pushed Bitcoin's price above $98,000 before settling at around $97,650, reflecting only a modest 0.4% hourly gain at the time of writing.
Previous Tweets and Their Impact
Recently, on February 1, Trump commented on Ethereum amid President Donald Trump's announcement of new tariffs, causing a market-wide sell-off. After his February 4 tweet, Ethereum rebounded over 35% within 18 hours, sparking trader interest.
Analysis and Forecasts
Some traders are starting to pay closer attention to Eric Trump's statements, although it is important to consider different market scenarios for Bitcoin and Ethereum. While Ethereum faced extreme oversold conditions, Bitcoin has been trading near record highs, limiting the scope for abrupt turnaround.
Eric Trump's statements fuel discussions among traders, but their impact on the market is not always direct or significant. Time will tell if his latest Bitcoin tweet influences market trends.
