Ethereum

Bitcoin

Read

<div class="cryptonews"> 
 <p class="is-style-lead">Financial commentator Jim Cramer’s evolving views on Bitcoin raise questions amid ETF approval, impacting investor decisions.</p> 
 <p>Bitcoin’s recent surge faced skepticism from financial commentator Jim Cramer, known for his varied <a rel="dofollow" title="stance" href="https://thebittimes.com/tag/stance.html">stance</a> on the cryptocurrency. Cramer, who previously asserted the permanence of Bitcoin (BTC), now suggests it might be “<a rel="dofollow" title="topping" href="https://thebittimes.com/tag/topping.html">topping</a> out.”</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">JIM CRAMER ALERT:<br><br>“I think Bitcoin’s topping out.”#Bitcoin pic.twitter.com/mt8TwwtPDL</p>— Swan Media (@Swan) January 9, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>Despite Monday’s 8% gain, Cramer’s historical track record of inverse market movements, encapsulated in the ‘inverse Cramer’ sentiment, raises eyebrows.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> What is Inverse Cramer: how CNBC host accidentally created trading strategy 
 </div> 
 <p>Cramer’s recent assertion that Bitcoin may be “<a rel="dofollow" title="topping" href="https://thebittimes.com/tag/topping.html">topping</a> out” aligns with his historical skepticism towards the cryptocurrency. Recently, his previous bullish <a rel="dofollow" title="stance" href="https://thebittimes.com/tag/stance.html">stance</a> on Bitcoin was followed by a subsequent price drop the next day, adding an intriguing layer to the ‘inverse Cramer’ theory.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">BREAKING: Jim Cramer says “Bitcoin $BTC is <a rel="dofollow" title="topping" href="https://thebittimes.com/tag/topping.html">topping</a> out here” pic.twitter.com/eYzTLwaaYK</p>— Inverse Cramer (Not Jim Cramer) (@CramerTracker) January 9, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>The sentiment aligns with Cramer’s past bullish views on Bitcoin, notably selling most holdings. Investors are now navigating the balance of interpreting Cramer’s statements against Bitcoin’s recent surge, reaching a high of $47,100.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Coinbase says Bitcoin, Ethereum current cycles resemble 2018-2022 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/jim-cramer-switches-stances-now-says-bitcoin-is-topping-out-tbt76057.html">https://thebittimes.com/jim-cramer-switches-stances-now-says-bitcoin-is-topping-out-tbt76057.html</a></p>

Jim Cramer switches stances, now says Bitcoin is topping out

TheBitTimes

Other articles published on Jan 9, 2024

Coinbase says Bitcoin, Ethereum current cycles resemble 2018-2022

Ripple sells 100 million XRP this week as Bitcoin ETF decision looms

TD SYNNEX Corp. (SNX) Beats Expectations in Q4 with $3.13 EPS

Standard Chartered Bank expects spot Bitcoin ETFs to attract $50-100 billion inflows in 2024

Franklin Templeton, Invesco Galaxy, ARK 21Shares File S-1 Updates for Bitcoin ETF

Spot Bitcoin ETF Will Start Trading On Thursday: VanEck CEO Says

Join our free newsletter for daily crypto updates!