Jim Cramer and Bitcoin
Mad Money host Jim Cramer recently received attention globally for urging viewers to buy Bitcoin during a recent episode of the show. This move created a bustle in the broader crypto markets as the Bitcoin price saw marginal gains.
Earlier this year, Cramer reportedly advised selling Bitcoin holdings amid market conditions. However, his recent remarks seem to go against his previous beliefs as he suggested buying Bitcoin if you like it. These comments led to a marginal surge in Bitcoin’s price.
Bitcoin Price Evaluation
Bitcoin’s price saw a 1.87% jump today, reaching $37,259.54 at the time of writing, with a 1.21% increase over the past week and a substantial 21.74% surge over the past month. However, the twenty-four-hour trading volume suffered a significant 25.12% decline, but the price surge seems to align with the recent insights from Jim Cramer.
Hot Take: Jim Cramer’s Influence on Bitcoin’s Price
Cramer’s recent comments seem to have influenced the price of Bitcoin, with his suggestion to buy the cryptocurrency leading to a marginal surge. This indicates that public figures like Cramer can significantly impact cryptocurrency markets with their statements, reinforcing the need for caution when making investment decisions based on influencers’ remarks.
By
By
By
By