Bitcoin (BTC) Price Edges Up Toward $98K Following Eric Trump’s ‘Great Time to Enter BTC’ Statement

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

What to know:

• Eric Trump encouraged the Trump-family linked crypto platform to make its first bitcoin investment.
• BTC prices rise above $98,000.

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.

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