CandleFocus Here's how much Bitcoin is down since Jim Cramer said 'BTC is great thing to have'
2025-02-03
Author: Content Editor
The bearish sentiment in the cryptocurrency market has caused Bitcoin to lead in short-term losses. This aligns with the 'Inverse Cramer' theory, which suggests that assets recommended by CNBC's Jim Cramer tend to move in the opposite direction. Cramer had endorsed Bitcoin's potential on January 28, but Bitcoin has since plunged about 7% and lost $50 billion from its market cap. Bitcoin's volatility has been influenced by concerns about global trade tensions caused by President Donald Trump's tariffs. Market sentiment remains mixed, but the long-term bullish outlook for Bitcoin appears sustainable. Technical analysis suggests a bearish short-term sentiment but a bullish long-term outlook.
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