"Eric Trump's Crypto Tweets Spark Market Surge: Bitcoin, Ethereum React"
1min read Eric Trump's recent tweets on Ethereum and Bitcoin have sparked interest in the crypto market, with some traders paying closer attention to his market calls. On February 6, Eric Trump tweeted, "Feels like a great time to enter #BTC!" This comment briefly pushed Bitcoin past $98,000 before settling back to around $97,650, reflecting only a modest 0.4% hourly gain.
Just days earlier, on February 1, Ethereum was already struggling after President Donald Trump's tariff announcement triggered a market-wide sell-off. By February 3, Ethereum had cratered, plunging 37 percent from its recent high on January 31, marking one of its sharpest drops in recent history. Then came Eric Trump's February 4 post: "It’s a great time to add ETH." Within 18 hours of hitting its lowest point, Ethereum had rebounded over 35%, rocketing from around $2,300 to over $2,900 in under a day. Ethereum has since stabilized, trading around $2,830 as of February 6.
While correlation does not imply causation, the rapid price swings following his previous tweet have led some traders to pay closer attention to his market calls. Bitcoin, which has seen a strong rally in recent months, remains in an entirely different market structure than Ethereum at the time of Eric Trump's comments. While his Ethereum tweet coincided with a market bottom and extreme oversold conditions, Bitcoin has been trading near record highs, leaving less room for a sudden turnaround. Traders looking for history to repeat itself may have to wait a little longer to see if this tweet carries the same kind of weight.
