Bitcoin (BTC) Price Edges Up Toward $98K Following Eric Trump's 'Great Time to Enter BTC' Statement
02/06/2025 13:07
Eric Trump, son of U.S. President Donald Trump said on X that it feels like a great time to enter BTC.
Bitcoin Edges Near $98K as Eric Trump Pushes World Liberty Financial to Make Bitcoin Investment
Eric Trump, son of U.S. President Donald Trump said on X that it feels like a great time to enter BTC.
Updated Feb 6, 2025, 5:49 a.m. UTCPublished Feb 6, 2025, 4:47 a.m. UTC
Bitcoin (BTC) rose above $98,000 during Thursday's Asian trading hours after Eric Trump, son of U.S. President Donald Trump, encouraged the family backed crypto platform to invest in bitcoin (BTC).
"[It] feels like a great time to enter BTC, @worldlibertyfi " Eric Trump posted on X at 1:41 UTC, following which, BTC prices rose from $96,900 to $97,830. The micro CME futures topped the $98,000 mark, according to data source TradingView.
Early this week, Trump's AI and crypto czar David Sacks said the Trump administration is evaluating the feasibility of a strategic bitcoin reserve, disappointing crypto investors anticipating a swift action on the issue.
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
