- Jim Cramer issues a bearish warning, predicting market fear could prevent a rebound before Monday.
- Bitcoin, Ethereum, and XRP experienced declines amid a $1.5 billion hack on the ByBit exchange.
- Market participants see Cramer’s sentiment as a sign to accumulate Bitcoin.
Prominent crypto critic Jim Cramer has issued a bearish warning, stating that fear could prevent a market rebound before Monday.
His comments align with the latest downturn in the cryptocurrency market, where the total market cap has dropped by 3.3% to $3.298 trillion in the past day.
Bitcoin Below $100K, Altcoins Also Down
Bitcoin fell 2.1% to $96,399, extending its monthly losses to 5.9%. Ethereum, Solana, and XRP also posted declines, fueling investor uncertainty over near-term price action.
Meanwhile, Cramer’s statement sparked debate, particularly from traders who follow the “Inverse Cramer” strategy, which involves doing the opposite of his market calls. A trader argued that Cramer’s bearish call implied that the market bottom was in and encouraged investors to accumulate assets like Bitcoin.
Related: Crypto Market 2025: Analysts Say Bull Cycle May Be Just 100 Days Away
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