There are the latest surges in Bitcoin and Ethereum It’s not just shaking It elicited responses not only from investors but also from Eric Trump. Eric Trump warned traders to use the moment to take a bearish position. Over the past 24 hours, Bitcoin I climbed up The $120,000 level has reached Ethereum’s highest priced price level since 2021, 24-hour height of $4,330. It gave a punishing blow In particular, Ethereum became a short seller whose liquidation amounted to hundreds of millions of dollars.
Stop betting on Bitcoin and Ethereum
The price action of Bitcoin and Ethereum over the past 24 hours was an opportunity for Eric Trump to reinforce the growing bullish sentiment surrounding the two biggest cryptocurrencies. In particular, this is something the Trump family has been actively involved throughout this cycle.
Take me to social media platform X, Eric Trump pointed out, “Today, I’ll put a smile on my face to see ETH shorts smoke. Stop betting on BTC and ETH – you’ll get away.” With only a few words, he revealed that he’s seen bearish positioning against the top two cryptocurrencies, based on his recent price action.
According to Coinglass liquidation data, his comments saw that in a strong Ethereum gathering, more than $122 million was wiped out between short positions of more than $212 million and being caught up in the wrong side of the move. Bitcoin’s breakout, surpassing $120,000 resistance, added even more pressure on the bear.
By highlighting these moves in Bitcoin and Ethereum, Eric Trump not only celebrated the fall of the short seller, but also warned that there is still a lot of momentum behind the upward trend.
Trump family expands Crypto Footprint
Eric Trump’s voice support for Bitcoin and Ethereum reflects a bigger pattern within the Trump family. We employ digital assets More than ever in this market cycle. Their ventures include $Runs Trump $ Melania Memecoins, Established World Liberty Financial Secure USD1 Stablecoin and $wlfi tokens, and multi-million dollar investments Scales cryptographic operations.
Interestingly, reports show that World Liberty Financial is currently approaching large technology investors. To raise $1.5 billion In the move to establish a public company that holds WLFI tokens.
They also moved to Crypto Mining through a venture called American Bitcoin and partnered with Hut 8 to build what they aim to become a strategic Bitcoin reserve. According to Bloomberg ReportEric Trump’s US interest in Bitcoin would be worth $367 million if it was made public in the coming weeks.
In terms of regulations, President Trump recently I signed an executive order Allow cryptocurrency on your 401(k) retirement plan. This is a move that could significantly increase mainstream adoption.
At the time of writing, Bitcoin is trading at $121,670, while Ethereum is trading at $4,280.
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