Bitcoin (BTC) rose above $98,000 during Thursday's Asian trading hours after Eric Trump, son of U.S. President Donald Trump, encouraged the family backed crypto platform to invest in bitcoin (BTC).

Eric Trump's recent Bitcoin endorsement caused a modest price increase to $98,000, following his earlier Ethereum tweet that coincided with a 35% price recovery, while Trump-linked World Liberty Financial relocated its crypto holdings to Coinbase amid a 90% portfolio value decline.

Eric Trump touts Bitcoin as the future of finance amid tariff concerns, predicting it could reach $1 million due to its scarcity.

Bitcoin price recovers, trading above $98,000 during the early European session on Thursday. This recovery was fueled after Eric Trump, son of US President Donald Trump, posted on his social media X encourages to add BTC to their family-backed crypto platform World Liberty Financial portfolio.

U.S. President Donald Trump’s media company, Trump Media and Technology Group (TMTG), is making moves to launch exchange-traded funds (ETFs), including one tracking the price of bitcoin (BTC), according to an announcement on Thursday.

Bitcoin continued its upward trajectory during Thursday’s Asian trading hours, climbing from a local low of around $96,000 to just over $98,000.

Bitcoin rose above $98,000 during Thursday's Asian trading hours after Eric Trump, son of U.S. President Donald Trump, encouraged BTC investment on X. "[It] feels like a great time to enter BTC," Eric Trump posted on X at 1:41 UTC,