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Bitcoin Edges Near $98K as Eric Trump Pushes World Liberty Financial to Make Bitcoin Investment

Eric Trump, son of U.S. President Donald Trump said on X that it feels like a great time to enter BTC.

Bitcoin price. (CoinDesk)
Bitcoin price. (CoinDesk)

Ce qu'il:

  • 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.

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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.

Eric Trump's post on X.
Eric Trump's post on X.

Omkar Godbole

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.

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