Bitcoin (BTC) has surged past $98,000 during Thursday’s trading hours in Asia. This rise was prompted by Eric Trump, son of U.S. President Donald Trump, who urged a family-backed crypto platform to invest in Bitcoin.

“It feels like a great time to enter BTC,” Eric Trump mentioned on X, resulting in a price increase from $96,900 to $97,830. The micro CME futures even hit over $98,000, according to TradingView data.

What You Should Know:

• Eric Trump is pushing for the Trump family’s linked crypto platform to make its first Bitcoin investment.
• The price of BTC has climbed above $98,000.

Earlier this week, David Sacks, who oversees AI and crypto initiatives in the Trump administration, indicated that they are considering the establishment of a strategic Bitcoin reserve, disappointing many crypto investors hoping for immediate developments.