The cryptocurrency market is plummeting after Bitcoin fell below the $113,000 threshold, losing more than 21% of trading volume in the past 24 hours. Community sentiment is also shifting into bearish territory as the Fear and Greed Index drops to neutral.
Despite the emerging trend, a Bitfinex 'whale' has decided this is the right time to invest and has started buying Bitcoin at a rate of 300 Bitcoin per day. Blockstream CEO Adam Back pointed this out, reminding the community that this very whale bought $BTC at a rate of 1,000 per day in February.
This type of investment in the cryptocurrency market clearly states 'Buy the Dip', preparing for an even larger price increase.
Eric Trump Promotes the Message 'Buy the Dip'
Eric Trump joins the 'buy the dip' group by sending a clear message about X.
Eric posted his message just as Bitcoin was dropping to $112,724, demonstrating his unwavering belief in Bitcoin's recovery potential. This is entirely within predictions, as Eric Trump's Bitcoin is about to increase by $367 million.
This will be the direct result of the merger between American Bitcoin Corp. and Gryphon Digital Mining, allowing Eric Trump access to over 367 million shares, each valued at $1.
The deal is expected to be approved by shareholders on August 27, 2025, at 10 AM Eastern Time.
The merger announced on July 29 will make Eric Trump one of the wealthiest individuals in the cryptocurrency field, ushering in a new era for Bitcoin and consequently the entire cryptocurrency market.
But why is the cryptocurrency market retracting?
The most obvious reason is that Trump's tariff suspension order ends on Friday, which again puts pressure on the global economic system.
On a positive note, this trade agreement sees tariffs reduced for U.S. trading partners, especially countries like the UK, Vietnam, Indonesia, and the EU.
Nevertheless, the sense of economic instability and chaos remains, but ultimately benefits the cryptocurrency market. This means we can expect a revival of cryptocurrency as Bitcoin recovers, at which point projects like Snorter Token ($SNORT) will become leading bullish projects thanks to their blockchain utility.