As fresh tariff fears unsettle global markets, Eric Trump has reiterated his backing for Bitcoin and Ethereum, urging investors to seize the current price dip as a buying opportunity. The son of U.S. President Donald Trump made similar remarks earlier this year when economic uncertainty was already clouded by tariff pressures. At that time, he called it a “great time” to buy the two leading cryptocurrencies. Market Swings Continue Ethereum later plummeted below $1,400, hitting its lowest level since November 2023. But a sharp reversal followed, driven by a mix of improving investor sentiment and increasing signs of corporate adoption. By earlier this week, Ethereum had surged back to around $3,900. However, the recovery has since stalled. As of press time, Ethereum had pulled back to roughly $3,500, marking a 3% decline over the past 24 hours. Bitcoin also saw a slight dip, trading near $113,500, according to CoinGecko. Trump Family’s Crypto Exposure Eric Trump’s vocal support for digital assets isn’t new, nor is it symbolic. In December, he disclosed holdings in multiple cryptocurrencies—including Bitcoin, Ethereum, Solana, and Sui. His involvement extends to crypto mining as well. American Bitcoin, a mining company linked to both Eric and Donald Trump Jr., currently holds 215 BTC. In another notable move, World Liberty Financial—a decentralized finance (DeFi) venture backed by the Trump family—reportedly acquired 77,226 ETH at an average entry price of $3,294 per coin. Blockchain analytics firm Lookonchain revealed that some of these Ethereum holdings may have been sold at a loss during the April market dip. Legislative Tailwinds Meet Volatility Despite short-term volatility, the broader crypto market continues to find support in pro-crypto legislative developments and institutional moves. Still, macroeconomic concerns, particularly around renewed tariff implementations, have tempered enthusiasm. The U.S. administration’s latest trade posturing has triggered risk aversion across equities and digital assets alike. Eric Trump, however, appears unfazed by the pullback. By reiterating his confidence in Ethereum and Bitcoin, he’s aligning with the growing number of institutional voices that see crypto as a long-term hedge against policy-driven economic uncertainty.
