Future

Bitcoin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/jim-cramers-skepticism-on-bitcoins-future-amid-etf-correlation">Jim Cramer’s Skepticism on Bitcoin’s Future Amid ETF Correlation</a> 
Jim Cramer, the host of CNBC’s “Mad Money,” expressed doubts about <a href="https://en.bitcoinhaber.net/strategic-insights-for-navigating-bitcoins-etf-and-halving-convergence">Bitcoin</a>‘s ability to maintain its value above $40,000. His perspective emerged during a period when Bitcoin’s price fell below this threshold, coinciding with the decline following the launch of Bitcoin Exchange-Traded Funds (ETFs). 
The introduction of Bitcoin ETFs, seen as a milestone for mainstream investors entering the cryptocurrency world, aligned with a significant drop in Bitcoin’s market value, prompting a reevaluation of previous price movement predictions. 
Cramer had previously highlighted the rapid appreciation of Bitcoin before the ETFs’ launch and predicted potential downturns and a lackluster market reaction, which seemed to materialize when Bitcoin’s price fell below $41,000. 
In the digital asset sector, Grayscale, a major player, attracted attention by depositing approximately 15,308 BTC (worth about $623.8 million) with Coinbase Prime, which was part of a larger transfer of 63,991 BTC (worth roughly $2.68 billion). 
Despite these developments, the ‘Inverse Cramer ETF,’ theoretically designed to take positions opposite to Cramer’s predictions, saw an increase in value, recently rising by 1.26% and trading at $20.14. 
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/jim-cramers-skepticism-on-bitcoins-future-amid-etf-correlation">Jim Cramer’s Skepticism on Bitcoin’s Future Amid ETF Correlation</a></h5>

Jim Cramer’s Skepticism on Bitcoin’s Future Amid ETF Correlation

BH NEWS

Other articles published on Jan 23, 2024

Core Scientific Emerges from Bankruptcy, Reenters Nasdaq

Bitcoin Recovery: This Massive $500 Billion Investment Could Send Price Above $50,000

Altcoin Surge: Rebel Satoshi, Arbitrum, and Polygon Leading the Next Wave in the Crypto Market

Bitcoin Whales Sold $3 Billion in BTC, Is Another Price Plunge Coming?

Global Cryptocurrency Adoption Surges According to Crypto.com Report

Macro Expert Lyn Alden Believes Spot Bitcoin ETFs Won’t Affect Crypto Prices

Join our free newsletter for daily crypto updates!