Jim Cramer supports crypto since 1996, causing mixed reactions, BTC price drops, slight recovery

From Investing.com

November 26, 2024 3:00:25 pm:

Renowned CNBC host Jim Cramer sparks buzz in the community with bullish tweet on crypto. Cramer’s unexpected support for Bitcoin noticed by Elon Musk. BTC price drops 7% in 24 hours, from $98,660 to $91,840. Cramer claims to have backed crypto since 1996, pushes back against “time to dump crypto” sentiment.

Cramer tweets about potential overbought conditions in the market, causing mixed reactions from the crypto community. Users caution against his Bitcoin predictions, citing his history of influencing market movements. BTC currently trading at $93,115, showing signs of slight recovery. Musk responds to Cramer’s bullish stance on Bitcoin with a chart showing BTC price decline.

Read more at Investing.com: ‘I Have Owned and Backed Crypto’ Since Very Early Times: Jim Cramer By U.Today