Ethereum News Today: Eric Trump Backs Bitcoin Ethereum Amid Tariff Concerns Crypto Volatility

Bitcoin and Ethereum have seen renewed investor interest following a public endorsement from Eric Trump, son of former U.S. President Donald Trump, who encouraged market participants to "buy the dips" amid recent volatility linked to growing concerns over potential U.S. tariff hikes. In a tweet on August 2, 2025, Eric Trump urged investors to take advantage of the pullback in prices, writing, “₿uy the dips!!! $BTC $ETH” [1]. This marks the second time in recent months that he has publicly supported the two leading cryptocurrencies, with a similar bullish stance taken in February 2025 amid broader economic uncertainty.

Ethereum, in particular, has experienced a rollercoaster ride. Following Trump's previous comments, the token briefly dipped below $1,400, its lowest point since November 2023. However, a combination of increased corporate adoption and positive legislative developments helped ETH rebound to around $3,900 earlier in the week. At the time of reporting, Ethereum was trading at approximately $3,500, down 3% in the last 24 hours. Meanwhile, Bitcoin remained near $113,500 [1].

Eric Trump’s crypto holdings include Bitcoin, Ethereum, Solana, and Sui, as revealed in December 2024. His involvement in the space also extends to American Bitcoin, a mining company co-backed by him and his brother Donald Trump Jr., which reportedly holds 215 BTC. In addition, the Trump family’s DeFi venture, World Liberty Financial, recently purchased 77,226 ETH at an average price of $3,294 per token, according to on-chain data from Lookonchain [1].

Despite the family's significant exposure to crypto, the data also suggests some of their positions were liquidated at a loss, with evidence pointing to a partial sale of Ethereum holdings in April [1]. This underscores the challenges of managing assets in a highly volatile market, even for high-profile investors.

The broader market reaction to Trump-related policy shifts highlights the sensitivity of crypto to macroeconomic developments. As the U.S. weighs new tariff measures, investors across asset classes are recalibrating their risk exposure. The crypto market, in particular, appears to be closely tracking shifting geopolitical and economic signals, with both institutional and retail traders adjusting their positions accordingly.

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Source: [1] Eric Trump bull-posts Bitcoin, Ethereum amid tariff jitters (https://cryptobriefing.com/bitcoin-ethereum-bullish-eric-trump/)