Bitcoin News Today: Eric Trump Urges Buy the Dips as Bitcoin Falls Below $113,500

Bitcoin and Ethereum have experienced significant price declines, with Bitcoin dropping below $113,500 and Ethereum nearing $3,370, prompting Eric Trump, son of former U.S. President Donald Trump, to advocate for a “buy the dips” strategy on X on August 2, 2025. In his public statement, he urged investors to purchase Bitcoin and Ethereum, emphasizing long-term potential despite the current volatility [1]. Eric Trump, who is also a board member at Metaplanet and co-founder of American Bitcoin, has consistently expressed optimism about the crypto markets and has positioned himself as a vocal proponent of accumulation during downturns [5].

The recent market movement has been marked by increased institutional activity. Large holders, including entities linked to Bitfinex, have reportedly been acquiring Bitcoin at lower prices [4]. Additionally, World Liberty Financial, a firm associated with Eric Trump, has also engaged in Ethereum accumulation, signaling confidence in the broader market [1]. Analysts have noted that Bitcoin has fallen below its 50-day exponential moving average and has entered oversold territory on the RSI, potentially indicating a short-term bottom [5]. However, they caution that these technical indicators do not necessarily guarantee an immediate price reversal and that further corrections could occur before a stable recovery is established.

Historically, public figures’ endorsements have influenced market sentiment, although long-term price trends are often more dependent on macroeconomic indicators and broader technical patterns [5]. Eric Trump’s advocacy has sparked renewed discussions among traders, especially as global M2 money supply continues to expand and the crypto market remains sensitive to macroeconomic shifts [6]. His repeated calls for dip buying reflect a belief in the structural bull case for Bitcoin and Ethereum, despite the risks inherent in speculative markets [1].

The market’s current behavior also aligns with the idea that institutional players view the recent price drop as an opportunity for strategic accumulation. One notable example is the Bitfinex whale reportedly buying 300 BTC daily amid the downturn, a move consistent with the sentiment expressed by high-profile advocates like Eric Trump [7]. While such activity can indicate confidence, it is not a guaranteed predictor of future market performance. Investors are reminded to approach such strategies with a clear understanding of risk and to maintain a disciplined investment framework.

Eric Trump’s continued influence underscores the role that public figures play in shaping investor behavior in the crypto space. His calls for accumulation during dips highlight a conviction rooted in long-term market belief. However, as with any speculative asset class, prudence and risk management remain essential for investors considering such strategies [1].

Source:

[1] eblockmedia.com (http://www.eblockmedia.com/news/articleView.html?idxno=25159)

[2] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1007754-20250803)

[3] Bitrue (https://www.bitrue.com/blog/eric-trump-bitcoin-ethereum-buy-dip-strategy-2025)

[4] CoinGape (https://coingape.com/adam-back-flags-aggressive-bitcoin-buying-by-bitfinex-whale-amid-market-correction/)

[5] Coinstelegram (https://coinstelegram.com/news/eric-trump-re-issues-buy-the-dip-call-for-bitcoin-and-ethereum-amid-market-turbulence/)

[6] The (https://www.thecoinrepublic.com/2025/08/03/will-crypto-prices-rebound-global-m2-money-supply-skyrocketing/)

[7] Holder.io (https://holder.io/news/bitfinex-whale-accumulates-300-btc-daily/)