Bitcoin Returns to $98K as Eric Trump Pushes for World Liberty Financial Investments
O Bitcoin Bitcoin (BTC) has shown resilience and remarkable performance in the cryptocurrency market. The digital currency recently surpassed the $98 mark, driven by a number of factors, including the encouragement of influential figures for investment platforms to explore the potential of Bitcoin.
One of the events that caught the attention of the crypto community was the positioning of Eric Trump, son of US President Donald Trump, who expressed on his social networks what he considers to be an opportune moment to invest in Bitcoin. “It seems like a great time to get into BTC!” wrote . His words, addressed to the cryptocurrency platform World Liberty Financial, echoed in the market, contributing to increased optimism regarding the digital currency.
At the same time, the political scene has also sparked discussions about the role of Bitcoin. Recently, the United States government revealed The U.S. is exploring the possibility of establishing a strategic Bitcoin reserve, according to David Sacks, the Trump administration’s “crypto czar.” In a press conference, Sacks emphasized that such an initiative is among the initial priorities and that the idea is already being discussed internally.
“One of the instructions the President gave us was to evaluate the idea of a Bitcoin Strategic Reserve,” Sacks said. The goal, he said, is to understand how the government could hold Bitcoin as a reserve asset, similar to gold and foreign currencies, and its impact on the U.S. economy.
Bitcoin, known for its volatility, has been showing interesting behavior in recent weeks. After reaching the $98 mark, the digital currency continued to fluctuate, demonstrating the dynamics of the market and the influence of several factors, such as investor sentiment, news and technological developments.
Bitcoin today
The cryptocurrency market is seeing a 1.2% drop today as several assets record a major recovery amid the sharp sell-off. Bitcoin price today 06/02/2025 is showing a small increase in the last 24 hours, which made the asset trade above the $99 zone.
Yesterday, BTC was trading as low as $96, according to market data, but has since recovered to its current price range. At press time, Bitcoin was trading at $98.345,86, up 0.1% over the past 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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