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Bitcoin Edges Up Toward $98K as Eric Trump Promotes BTC Investment
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Omkar Godbole
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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, 4:57 a.m. UTCPublished Feb 6, 2025, 4:47 a.m. UTC
What to know:
- Eric Trump encourages BTC investment via a post on X.
- 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 BTC investment on X.
“[It] feels like a great time to enter BTC,” 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.
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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 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.
