The price of bitcoin fell below $90,000 and other cryptocurrencies saw large drops Tuesday morning, erasing some of the gains digital assets have made since President Donald Trump took office on a pro-crypto agenda.
Michael Saylor hinted at buying more Bitcoin as the price plunged below $89,000 for the first time in three months.
The US President’s son Eric Trump says investors should buy the dip as US spot Bitcoin ETFs suffer record outflows.
Bernstein analysts on Tuesday suggested that Bitcoin‘s (CRYPTO: BTC) correction presents an attractive entry point for long-term investors, particularly if prices dip below $80,000. What Happened: The report coincides with a public endorsement from Eric Trump,
The chart shows a big jump in IBIT correlated to a big move in bitcoin after President Trump announced a strategic crypto reserve. There were two surprises in Trump's announcement: The chart provides food for thought for prudent investors.