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<ul>
 <li>Jim Cramer warns of potential Bitcoin selloff post-SEC’s spot ETF approval.</li>
 <li>Market reacts to Bitcoin price fluctuations amid Cramer’s cautious outlook.</li>
 <li>The “Cramer effect” sparks debate as investors assess Bitcoin’s future trajectory.</li>
</ul>
<p><a href="https://www.cnbc.com/mad-money/" target="_blank" rel="noopener noreferrer nofollow">Mad Money</a> host Jim Cramer issues a warning of a potential Bitcoin selloff, expressing concerns about the aftermath of the SEC’s approval of spot Bitcoin exchange-traded funds (ETFs).</p>
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   <p lang="en" dir="ltr">Nasty beginning to the bitcoin selloff. Someone's probably going to try to make a stand here but as we said last night you can't have an asset double in value by hundreds of billions of dollars in anticipation of an ETF and then almost no one shows up</p>— Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1748111734286500122?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 18, 2024</a>
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<p>Cramer acknowledges Bitcoin’s establishment but advises caution, emphasizing the need for thorough research. Bitcoin’s price surged above $47K pre-ETF approval, but a subsequent drop to around $40K raised alarms.</p>
<p>Cramer describes it as a “nasty beginning to the Bitcoin selloff” and <a href="https://cryptonewsland.com/jim-cramer-flips-the-script-says-bitcoin-goes-bullish-to-bearish/" target="_blank" rel="noopener noreferrer nofollow">anticipates resistance</a> in the market. While some challenge Cramer’s bearish stance, others see it as a potential bullish signal, citing the “Cramer effect”.</p>
<p>Despite skepticism, Cramer emphasizes not being outright against Bitcoin investment but echoes JPMorgan CEO Jamie Dimon’s cautionary approach. He advises investors to make informed decisions about spot Bitcoin exchange-traded products, highlighting the importance of understanding the investment landscape.</p>
<p>Cramer’s remarks follow <a href="https://www.sec.gov/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> Chair Gary Gensler’s clarification that approving spot Bitcoin ETFs doesn’t endorse Bitcoin itself. Despite his caution, Cramer acknowledges Bitcoin’s 15-year establishment and refrains from attempting to deter speculative investments, emphasizing the importance of individual research.</p>
<p>In <a href="https://cryptonewsland.com/pro-xrp-lawyer-exposes-jim-cramers-misleading-claims-on-xrp-recognition/" target="_blank" rel="noopener noreferrer nofollow">previous weeks</a>, Cramer expressed contrasting views on Bitcoin, noting its resilience and technological significance while also suggesting it might be reaching its peak. The crypto community closely watches Cramer’s statements, as the “Cramer effect” has become a meme, with Bitcoin often exhibiting opposite behavior to his predictions.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/reverse-cramer-strikes-again-all-hail-cramer-for-our-pump-today/" rel="noopener noreferrer nofollow">Reverse Cramer Strikes Again! All Hail Cramer for our Pump Today</a></li>
 <li><a href="https://cryptonewsland.com/cramer-advises-on-staying-away-from-assets-like-bitcoin/" rel="noopener noreferrer nofollow">Cramer Advises on Staying Away From Assets Like Bitcoin</a></li>
 <li><a href="https://cryptonewsland.com/jim-cramer-calls-sbf-a-con-man-after-nyt-interview/" rel="noopener noreferrer nofollow">Jim Cramer Calls SBF a “Con Man” After NYT Interview</a></li>
 <li><a href="https://cryptonewsland.com/cryptos-current-price-activity-is-a-manipulation-jim-cramer/" rel="noopener noreferrer nofollow">Crypto’s Current Price Activity is a ‘Manipulation’: Jim Cramer</a></li>
 <li><a href="https://cryptonewsland.com/jim-cramer-advises-investors-to-abandon-the-crypto-market/" rel="noopener noreferrer nofollow">Jim Cramer Advises Investors To Abandon The Crypto Market</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/crypto-community-expects-bullish-signs-after-cramers-latest-market-take/" rel="noopener noreferrer nofollow">Crypto Community Expects Bullish Signs After Cramer’s Latest Market Take</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Crypto Community Expects Bullish Signs After Cramer’s Latest Market Take

Crypto News Land

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