US President Donald Trump’s son, Eric Trump, took to X and said it feels like an amazing time to enter Bitcoin (BTC). He also tagged World Liberty Financial in his post. World Liberty Financial is a crypto company personally supported by President Trump. Eric Trump had a similar post for Ethereum (ETH) on Tuesday.
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Feels like an amazing time to come in #Btc! 🚀 @worldlibertyfi
– Eric Trump (@ERICTRUMP) February 6, 2025
Bitcoin reacts positively to Eric Trump’s post
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The Cryptocurrency market met a large correction earlier this week after the United States introduced heavy tariffs at Canada and Mexico. Bitcoin (BTC) fell briefly below $ 93,000. The market recovered after the United States paused customs for 30 days.
BTC experienced another correction earlier this month due to macroeconomic factors. The Federal Reserve has not yet announced an interest rate reduction, and the FED’s Hawkian monetary policy constitutes a significant obstacle to the crypto market.
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There is also a possibility that Bitcoin (BTC) will meet another correction. The crypto market can suffer if the United States withdraws its tariffs against Canada and Mexico. Macroeconomic factors can also cause an obstacle to the crypto market.