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As the cryptocurrency market fell to its lowest level since the days after his father’s November election victory, Eric Trump urged investors not to lose faith. “Buy the dips!!!” he tweeted last week.

Investor withdrawals hit $3.8B over three weeks amid Bybit hack, Fed uncertainty, and profit-taking from 19-week inflow streak.

Cryptocurrency prices briefly jumped after President Donald Trump's surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund, an announcement that highlights Trump's growing attempts to use volatile cryptocurrency prices as a barometer of his public support. Trump said on social media Sunday that his administration is working toward creating a “Crypto Strategic Reserve” that will include lesser-known cryptocurrencies XRP, solana, and cardano.

Just three days ago, Bitcoin was in a sharp decline, falling below $80,000. However, in a dramatic reversal, the leading cryptocurrency has surged by over $14,000, or 20%, fueled by Donald Trump. Over the weekend, the president revealed plans to establish a crypto reserve — to include Bitcoin, Ether, Solana, XRP, and Cardano — injecting new momentum into the sluggish market.

At one point the trader was just $50 away from being liquidated.

The U.S. president sent crypto markets soaring with just two posts Sunday on Truth Social.

Since the late afternoon yesterday, the price of the meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) had fallen 5.7% and 6%, respectively, as of 9:46 a.m. ET today. Meanwhile, the price of Cardano (CRYPTO: ADA) is down 7.4% since the late afternoon, but has exploded over 51% higher over the last 24 hours. While Trump had already passed an executive order directing officials to explore the idea of a national strategic crypto reserve, the details were a bit scant and left investors wondering which cryptocurrencies might be part of the reserve.