Crypto Market Dips Below $3.7 Trillion — Is Eric Trump’s “Buy the Dip” Tweet a Bullish Signal?

The cryptocurrency market is reeling after a sharp 5% daily decline, with total market capitalization falling below $3.7 trillion. Bitcoin has dropped to $113,000, while major altcoins like Ethereum (ETH), $XRP , Cardano (#ADA ), and Solana (#SOL ) are taking even bigger hits, some losing up to 3% in 24 hours.

But as panic begins to set in, Eric Trump—yes, that Eric Trump—is once again stirring the pot on social media with his familiar rallying cry: “Buy the dips!!! $BTC $ETH ”. And just like previous occasions, his tweet has sparked both memes and market speculation.

Crypto Bloodbath: Here’s What Triggered the Sell-Off

The recent market downturn is fueled by a combination of geopolitical tensions, poor U.S. economic data, and a sudden reversal in Bitcoin ETF flows.

Bitcoin ETF Outflows Break Momentum

After five consecutive days of positive inflows, Bitcoin spot ETFs experienced a net outflow of $115 million on Thursday, according to SoSoValue. The ETF outflow trend continued from August 1, when a staggering $812 million exited the Bitcoin market, sending ripples across crypto assets.

Weak Job Data Adds Macro Pressure

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