Bitcoin News Today: Eric Trump urges buy the dip as Bitcoin falls 24% and Ethereum drops 26%

Eric Trump, son of former U.S. President Donald Trump, has once again urged investors to adopt a “buy the dip” strategy in the cryptocurrency market, specifically recommending purchases of Bitcoin and Ethereum amid recent price declines [1]. His comments came as both cryptocurrencies faced significant downward pressure, with Bitcoin dropping below $113,500 and Ethereum falling to roughly $3,370 [2]. This followed a broader market correction fueled by concerns over renewed tariff policies and macroeconomic uncertainty [3].

Trump emphasized that the current volatility offers long-term investment opportunities, a sentiment he has previously expressed in early 2025 when Ethereum briefly dropped to $1,400 before recovering to over $3,900 [4]. His stance aligns with a broader pattern of advocacy for digital assets, as he has been a vocal supporter of Bitcoin and other major cryptocurrencies, including Solana and Sui. Eric Trump also plays an advisory role in Metaplanet, a company focused on Bitcoin integration [5].

In addition to his public statements, Trump’s influence extends to crypto-related ventures. The Trump-backed decentralized finance firm World Liberty Financial recently acquired over 77,000 Ethereum at an average cost of $3,294 [6]. Despite this, the firm reportedly sold part of its Ethereum holdings at a loss in April 2025, suggesting a dynamic and uncertain market environment [7]. Trump and his father, Donald Trump Jr., are also associated with American Bitcoin, a mining company reported to hold 215 BTC [8].

The market’s response to Trump’s latest endorsement has been mixed. While some traders welcomed the signal as a sign of confidence, others remain cautious given the ongoing volatility and macroeconomic headwinds [9]. Analysts have warned that while buying the dip can be a strategic move, it requires careful market timing, risk tolerance, and a strong understanding of fundamentals [10]. Moreover, the crypto market continues to face selling pressures from institutional players, which could prolong the current downturn [11].

As the crypto market navigates a challenging landscape, Eric Trump’s repeated calls for investment signal a growing intersection between political figures and digital asset advocacy. Whether his recommendations translate into meaningful market rebounds for Bitcoin and Ethereum will depend heavily on upcoming price action and broader economic developments [12].

Sources:

[1] Eric Trump Flashes 'Buy The Dip' Sign As Bitcoin And ... (https://coingape.com/eric-trump-flashes-buy-the-dip-sign-as-bitcoin-and-ethereum-price-crash/)

[2] Bitcoin, Ethereum Oversold as Eric Trump Says "Buy the Dip" (https://coinedition.com/eric-trump-says-buy-the-dip-on-btc-and-eth-heres-what-happened-last-time/)

[3] Bitcoin News Today: Eric Trump urges "buy the dip" in ... (https://www.ainvest.com/news/bitcoin-news-today-eric-trump-urges-buy-dip-crypto-bitcoin-ethereum-losses-2508/)

[4] Eric Trump Says 'Buy the Dip' on BTC and ETH (https://cryptorank.io/news/feed/fff16-eric-trump-says-buy-the-dip-on-btc-and-eth-heres-what-happened-last-time)

[5] Eric Trump Urges Investors to Seize Cryptocurrency ... (https://en.coin-turk.com/eric-trump-urges-investors-to-seize-cryptocurrency-opportunities-during-market-turbulence/)

[6] Eric Trump Backs BTC & ETH as Crypto Market Slides (https://coinpedia.org/news/buy-the-dip-eric-trump-backs-btc-eth-as-crypto-market-slides/)

[7] Crypto Market Faces $600M Liquidation, More Dip Incoming? (https://www.thecoinrepublic.com/2025/08/02/crypto-market-faces-600m-liquidation-more-dip-incoming/)

[8] Adam Back Flags Aggressive Bitcoin Buying By Bitfinex ... (https://coingape.com/adam-back-flags-aggressive-bitcoin-buying-by-bitfinex-whale-amid-market-correction/)

[9] Eric Trump Recommends Bitcoin, Ethereum Buys Amid Market Drop (https://www.livebitcoinnews.com/eric-trump-recommends-bitcoin-ethereum-buys-amid-market-drop/)

[10] WLFI Invests $10M to Strengthen Falcon’s Stablecoin Ecosystem