'Smart trade' — Eric Trump reacts after Dave Portnoy discloses XRP, BTC, and ETH purchases
Key Takeaways
- Dave Portnoy disclosed new purchases of XRP, BTC, and ETH.
- Eric Trump publicly endorsed the trade as a 'smart' one.
Eric Trump lauded Dave Portnoy’s move as a “smart trade” after the Barstool Sports founder disclosed he had accumulated XRP, Bitcoin, and Ethereum during the crypto market rout.
Portnoy invested over $2 million in the three leading crypto assets, allocating the largest portion of the capital to XRP. He bought $750,000 in Bitcoin and $400,000 worth of Ethereum.
It’s likely that Eric Trump was referring to Portnoy’s Bitcoin and Ethereum moves.
The co-founder of American Bitcoin Corp. is a known advocate for both Bitcoin and Ethereum, encouraging purchases when the markets experience sharp downturns.
Bitcoin fell below $90,000, down 3% in 24 hours, while Ethereum dropped nearly 4% to under $3,000 and XRP tumbled 5%, per CoinGecko. The total crypto market capitalization slid 3%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperliquid’s Growing Influence in Crypto Trading: Enhancing Investor Access and Entry Methods in an Evolving Market
- Hyperliquid dominates 2025 crypto market with 73% DEX perpetual trading share via fee cuts, stablecoin integration, and institutional partnerships. - USDH stablecoin (backed by USD/Treasury) and HyperEVM infrastructure position it as "AWS of liquidity" for on-chain finance developers. - 78% user growth and 1.75M HYPE token unlock resilience highlight its scalability, though stablecoin regulations and market volatility pose risks.
PENGU Token Price Rally: Examining Brief Upward Trends and Institutional Indicators Towards the End of 2025
- PENGU token surged past $0.0100 in late 2025, driven by Bitcoin's rebound and institutional inflows totaling $430,000. - Technical indicators show conflicting signals: overbought RSI (73.76) vs. positive MACD/OBV, with critical support at $0.009. - $66.6M team wallet outflows contrast with institutional accumulation, raising sustainability concerns despite short-term bullish momentum. - Macroeconomic factors like Fed policy and Bitcoin correlation amplify PENGU's volatility, complicating long-term price
LUNA Rises 1.13% Amid Progress on U.S. Lawmaker’s Stock Trading Ban
- LUNA rose 1.13% in 24 hours amid U.S. political pressure to ban congressional stock trading, despite an 82.66% annual decline. - Rep. Anna Paulina Luna advanced the bipartisan Restore Trust in Congress Act, which would prohibit lawmakers and families from trading individual stocks. - The bill faces bipartisan opposition over financial flexibility concerns but has 100+ supporters, including conservatives and progressives, seeking to close ethics loopholes. - Critics argue the 2012 STOCK Act lacks sufficie
BCH Rises 9.13% Over 24 Hours as Overall Market Trends Upward
- Bitcoin Cash (BCH) surged 9.13% in 24 hours, with 10.08% monthly and 37.01% annual gains, signaling sustained bullish momentum. - Analysts attribute the rise to BCH's utility in cross-border payments, low fees, and institutional interest as a Bitcoin layer-2 solution. - No immediate catalysts (regulatory shifts, partnerships) were identified, suggesting market sentiment and macro trends drive the rally. - Experts highlight BCH's structural strengths and active development, positioning it to outperform br
Trending news
MoreCrypto prices
More
