While Bitcoin (BTC) fell below $118,000 on July 18, a remarkable post came from Eric Trump, the son of US President Donald Trump.
Eric Trump reshared his “Buy the dip!” call from February 25 on social media platform X, claiming that BTC offers a buying opportunity.
Following Eric Trump’s similar post in February, Bitcoin experienced a brief surge, but then fluctuated. It began to recover again at the end of April.
Meanwhile, Binance founder Changpeng Zhao (CZ) also posted on the X platform today, saying “cryptocurrencies are volatile.” The community interpreted this statement as a potential signal that the market will change direction.
According to historical data, the Ethereum (ETH) price rose in 5 of the 6 posts CZ previously made in a similar vein, touching on crypto volatility.
However, CZ responded to these comments, saying that his post was merely an informal statement and that the community should not over-interpret it.
*This is not investment advice.