Bitcoin: Donald Trump’s Son Says It’s A Great Time To Enter BTC

US President Donald Trump’s son, Eric Trump, took to X and said that it feels similar a large clip to participate Bitcoin (BTC). He besides tagged World Liberty Financial successful his post. World Liberty Financial is simply a crypto steadfast personally backed by President Trump. Eric Trump had a akin station for Ethereum (ETH) connected Tuesday.

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Feels similar a large clip to participate #BTC! @worldlibertyfi

Bitcoin Reacting Positively To Eric Trump’s Post

Source: Bitcoinist

BTC’s terms has risen 0.8% successful the regular charts, reclaiming the $98,000 terms level. The plus seems to beryllium reacting positively to Eric Trump’s X post. Despite the flimsy recovery, BTC is down 6.6% successful the play charts, 4% successful the 14-day charts, and 3.5% implicit the erstwhile month.

Source: CoinGecko

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The cryptocurrency marketplace faced a large correction earlier this week aft the US imposed dense tariffs connected Canada and Mexico. Bitcoin (BTC) concisely fell beneath $93,000. The marketplace recovered aft the US paused tariffs for 30 days.

BTC experienced different correction earlier this period owed to macroeconomic factors. The Federal Reserve has yet to denote an involvement complaint cut, and the Fed’s hawkish monetary argumentation presents a important obstruction to the crypto market.

New All-Time High?

According to CoinCodex, Bitcoin (BTC) volition proceed to rally implicit the adjacent fewer months. The level anticipates the plus volition reclaim its erstwhile highest connected Feb. 17, 2025. CoinCodex does not expect BTC to halt conscionable there. The level predicts the plus volition deed a caller all-time precocious of $158,900 connected May 6, 2025. Hitting $158,900 from existent terms levels volition entail a rally of astir 61.7%.

Source: CoinCodex

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There is besides a anticipation that Bitcoin (BTC) volition look different correction. The crypto marketplace could endure if the US brings backmost its tariffs against Canada and Mexico. Macroeconomic factors could besides contiguous an obstacle to the crypto market.