Eric Trump confirms that President Trump has great Bitcoin’s possessions: a bullish sign of the encryption market Flash news details

In the amazing revelation that sent a shock through the cryptocurrency market, Eric Trump confirmed in an interview with Bloomberg recently that former President Donald Trump has a large amount of bitcoin (BTC). This news, which was shared through a tweet by Crypto Rover on May 7, 2025, ignited at about 10:30 am UTC, the bullish feeling between encryption traders and investors. The statement is in line with an increasing novel for prominent individuals and political figures that support or carry bitcoin, which may affect the dynamics of the market. As of the latest data from CoinmarkketCAP, the Bitcoin price increased by 4.2 % within hours of breaking news, reaching $ 68,450 by 1:00 pm UTC on May 7, 2025. The trading volume in major stock exchanges like Binance and Coinbase increased by 18 % at the same time, reflecting the increasing interest. This event also comes at a time when the stock market shows signs of fluctuations, where S&P dip 5000 % on May 7, 2025, as Yahoo financing, due to fears of inflation data. The interaction between traditional markets and encryption has become increasingly clear, as investors search for alternative assets such as bitcoin during periods of uncertainty in stocks. This development raises questions about how political approvals increase the adoption of institutional currencies and retail trading currencies, especially with the continued view of Bitcoin as a hedge against economic instability. With Eric Trump’s assertion, the spotlight on whether this can stimulate more price pools or influence organizational discussions in the United States, which is a decisive factor for the growth of the long -term encryption market.

From a trading perspective, the immediate effects of this news are deeply optimistic about bitcoin and relevant assets. Within 24 hours of advertising, BTC/USD recorded Binance the highest level of $ 69,100 at 3:00 pm UTC on May 7, 2025, before slightly declining to $ 68,800 by 5:00 pm UTC. Altcoins such as ETHEREUM (ETH) and Solana (SOL) also witnessed associated gains, as ETH/USD increased by 3.1 % to $ 3,450 and a SOL/USD 4.5 % to $ 145 during the same period, as in TradingView data. This gathering across the market indicates an indirect effect, as it often raises positive feelings about bitcoin the ecosystem of the wider encryption. In addition, it appears that the last recession in the stock market is pushing the capital to the encrypted currencies. According to a report issued by Coingecko, the immediate trading volumes of Bitcoin like BTC/USDT increased by 22 % on May 7, 2025, compared to the previous day, indicating a potential circulation of funds from stock to digital assets. For merchants, this offers opportunities in momentum plays, especially in Bitcoin and large balconies. However, there is a justification for caution, because excessive conditions in the peak can lead to short -term declining processes. DEIBIT options show a rise in Bitcoin call options at a strike prices of $ 70,000 on May 31, 2025, indicating that traders are betting on the continuous upward trend.

Dive into technical indicators, the RSI’s relative index (RSI) stood on the graph for 4 hours at 68 as of 6:00 pm UTC on May 7, 2025, close to the peak purchase area but is still less than the critical 70 threshold, according to Tradingview. The Macd MACD is also showing a bullish momentum, with the MACD line crossing the top of the signal line at 2:00 pm UTC on the same day. The standards on the chain support the upscale status, as Glassnode reported a 15 % increase in Bitcoin portfolio headings that carry more than 1 BTC between May 6 and May 7, 2025, indicating the accumulation of major investors. Meanwhile, in the stock market, coding shares such as Microstrategy (MSTR) witnessed a profit of 5.3 %, as it was closed at $ 1,280 on May 7, 2025, according to NASDAC data, which reflects the direct association with Bitcoin prices. It seems that the flow of institutional funds is also turning, as a report from Coinshares indicates $ 250 million in flows in Bitcoin’s investment funds on May 7, 2025, an increase of 30 % over the previous week. This link between the morale of the stock market and the adoption of encryption highlights an increasing acceptance of Bitcoin as a value store among traditional investors. The interaction between political approvals, the fluctuations of the stock market and the encryption price currencies confirms the importance of monitoring market trends through commercial decisions.

In short, Eric Trump’s assertion of the large bitcoin operation by Donald Trump was an incentive for the upscale momentum in the encryption market, with direct effects on bitcoin prices and trading volumes trading on May 7, 2025. Traders must remain vigilant for excessive signals in the peak and potential fluctuations, while taking advantage of momentum in major encryption pairs such as BTC/USD and ETH/USD. This event may also indicate a broader shift in how political accounts affect the dependence of cryptocurrencies and market dynamics in the long run.

Instructions:
What did Eric Trump say about Bitcoin Donald Trump’s possessions?
Eric Trump confirmed in an interview with Bloomberg on May 7, 2025, that former President Donald Trump has a great deal of bitcoin, as he is in a tweet by Crypto Rover.

How was the bitcoin price reaction with the news?
The Bitcoin price increased by 4.2 % within hours of the announcement, reaching $ 68,450 by 1:00 pm UTC on May 7, 2025, according to Coinmarketcap data.

What are the chances of trading that arose from this event?
Traders saw opportunities in Bitcoin’s momentum and Altcoins such as Ethereum and Solana, with 22 % trading sizes for Bitcoin pairs on May 7, 2025, Coingecko said.