TLDR
- Eric Trump posted “Buy the dips!” on X as Bitcoin and Ethereum declined this week
- Bitcoin dropped over 6% to $109,500 while Ethereum fell 8% to $4,020
- Trump family owns $1.5 billion stake in American Bitcoin mining company
- Market reactions split between bullish traders and cautious analysts
- Previous Eric Trump dip calls preceded mixed market performance
Eric Trump delivered a direct message to cryptocurrency investors this week as digital asset prices fell across the board. The president’s son posted “Buy the dips!” on X, targeting traders watching Bitcoin and Ethereum test key support levels.
His timing coincided with Bitcoin trading near $109,500, down more than 6% over seven days. Ethereum experienced steeper losses, hovering around $4,020 after an 8% weekly decline.
The post marks another instance of Trump encouraging crypto purchases during market downturns. In February, he used Bitcoin’s symbol in a similar message, writing “₿uy the dips!!!” as prices dropped.
Trump Family’s Growing Crypto Holdings
Behind the social media commentary lies substantial financial interest. Eric Trump and brother Donald Jr. backed American Bitcoin, a mining company that recently went public on Nasdaq.
The Trump brothers’ stake in American Bitcoin reached approximately $1.5 billion following the company’s market debut. The firm operates mining facilities and maintains strategic Bitcoin reserves.
Eric Trump also serves in an advisory role at Metaplanet, a Japanese Bitcoin treasury company. He attended the firm’s Tokyo shareholders meeting in August as it planned capital raises for additional Bitcoin purchases.
These business connections have drawn scrutiny from Democratic Senator Elizabeth Warren and other lawmakers. Critics question whether family members of the president should make public investment recommendations given their positions and holdings.
Mixed Market Response to Dip Call
Crypto traders showed divided reactions to Trump’s latest post. Some retail investors echoed the buy-the-dip sentiment, viewing it as a positive signal for accumulating digital assets at lower prices.
Analysts expressed more caution about following public figure endorsements during volatile periods. They noted that celebrity crypto calls often precede increased short-term price swings rather than sustained recoveries.
Historical context supports this skepticism. After Trump urged increased Ethereum exposure during February’s market dip, ETH declined roughly 35% in subsequent months before eventually recovering.
Market veterans emphasize that fundamental factors typically drive long-term cryptocurrency trends. Institutional positioning, regulatory developments, and macroeconomic conditions usually outweigh social media sentiment in determining price direction.
Short-term traders often react to high-profile endorsements, while long-term investors focus on underlying technology adoption and market structure. Both groups registered Trump’s latest market commentary as Bitcoin and Ethereum continued testing support zones.
The crypto market remains under pressure as investors assess whether current price levels represent buying opportunities or further downside risks. Bitcoin and Ethereum have retreated from recent highs as trading volumes increase.
