Bitcoin (BTC), on July 18, while falling below $118,000, an attention-grabbing post came from Eric Trump, the son of U.S. President Donald Trump.
Eric Trump, by resharing his “Buy the dip!” call made on February 25 on the social media platform X, claimed that BTC presents a buying opportunity.
Following Eric Trump’s similar post in February, Bitcoin experienced a brief surge, but then it followed a volatile path. By the end of April, it had started to recover again.
On the other hand, Binance founder Changpeng Zhao (CZ) also shared on the X platform today that “cryptocurrencies are volatile.” The community interpreted this statement as a potential signal that the market may change direction.
According to past data, in 5 out of 6 posts where CZ previously addressed crypto volatility in a similar manner, the price of Ethereum (ETH) had risen.
However, CZ responded to these comments by stating that his post was merely a casual expression and that the community should not read too much into it.
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