Ethereum fell by 15% per day

Peter Schiff , a well-known economist and gold investment advocate, has criticized the cryptocurrency buying advice previously voiced by members of the Trump family. His statement came amid Ethereum’s ETH $1,587.21 Bridged Ether (StarkGate) -3.28% Market capitalization $0.14 billion VOL. 24 hours $0.87 billion drop of almost 45% after Eric Trump, the son of US President Donald Trump, publicly advised to «add ETH» to an investment portfolio. Schiff warns against trusting such sources in matters of finance.

Schiff’s criticism arose in response to a remark by a user of the X platform (formerly Twitter), who recalled Trump’s post calling for the purchase of ETH. In response, the economist emphasized: «The best thing is not to listen to investment advice from the Trumps.» The comment provoked a discussion in which other users asked whether Schiff would have maintained the same position if the Trumps had promoted gold.

The current drop is not just about Ethereum. Bitcoin BTC $83,871.84 Bitcoin -1.19% Market capitalization $1.66 trillion VOL. 24 hours $2.02 billion has lost more than 12% of its value since Eric Trump called for «buying on dips» in late February. The situation is even worse with the Official Trump token (TRUMP), which Donald Trump previously called «the best of all.» Its value has fallen by 37% since that statement.

Analysts point out that the overall negative dynamics of the crypto market is influenced not only by dubious recommendations of public figures but also by the current policy of Donald Trump himself. In particular, it is the announcement of tariffs that have hit not only cryptocurrencies but also stock markets. In general, over the past month, the crypto market’s capitalization has decreased by 13%, which equates to losses of about $ 380 billion.

At the time of publication, Ethereum was trading at $ 1,539, having lost almost 15% in just one day. Bitcoin dropped to $ 76,000, a decline of more than 6%. These figures reflect the general trend of investors losing confidence in risky assets in times of high volatility and political instability.