“It looks like a great time to enter BTC!” Eric Trump chanted X on January 6.
Follow the post similar on February 3 when he said it was “a great time to add ETH”, which led to a recovery of two numbers to the original. However, there was a slight reaction to the instant market of BTC, which is still slow at $ 98,000.
Bitcoin decreased to the lowest level of the day at 96200 dollars, and its climax reached a decrease of 7 % over the past week. It was traded by about 9,8200 dollars during a session on Thursday morning, after it has weakened over the past 12 hours.
The original showed a promise to recover by Trump’s commercial tariffs when it reached 102,000 dollars, but these gains have been eroded during the past two days.
It looks like a great time to enter #BTC! WorldLIPERTYFI
Erictrump February 6, 2025
Bitcoin Recovery stumbles
There has been a tremendous basic momentum surrounding encryption over the past few weeks, however BTC has still decreased by 10 % of its highest level ever and is still vulnerable to volatile market accidents, as it appears on February 2 when it was 8 %.
The White House CZAR DAVID SACKS on CNBC said that Bitcoin has been present for 12 years, and no one has penetrated, making it a “excellent store of value.” In fact, he has been around more than 12 years ago.
Crypto CZAR, David Sacks says that Bitcoin is a great store of value! pic.twitter.com/ftjeg3su7w
– Borovic (@3orovik) February 5, 2025
Also bags He said There is a strong incentive to reinvent the encryption to the United States.
“Financial assets are scheduled to become just numbers like every representative industry that has become digital, and we want to create value in the United States instead of abandoning it to other countries.”
In addition, the “Plan B” stockpile said that things are still on the right track, and that Bitcoin enters the second stage of the bull market, “a highly declining Fomo stage.”
->
Almost one year since half, the red bitcoin points turn orange (then yellow): entering the second stage of the bull market, very slope FOMO stage. pic.twitter.com/9g9umzmyma
– Planb (@100trillionusd) February 5, 2025
Moreover, Altseason still seems far away for many. “The strongest altseasons has happened every time the Bitcoin dominance is rejected from 71 %,” Note “Rekt Capital ‘on Wednesday. BTC is currently 61.3 %, according to TradingView, so he still has a way to go.
The encryption markets are drowned despite the week of climb
Despite the bullish news, such as SEC reducing the size of its encryption enforcement department, Trump agreed to the wealth of sovereignty, and the creation of a pro -carbouto business squad in America, the markets are still declining.
The total market value decreased by 1.4 % per day at $ 3.34 trillion at the time of writing this report. Ethereum has made a slight progress in recovering 2800 dollars, but most of the hills were red again.
There were greater losses to XRP, SUI and Hedra (HBAR), while Litecoin (LTC) made a simple gain.
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