In a recent episode of his show Stop Trading on CNBC, Jim Cramer discussed the latest happenings in the cryptocurrency market. He highlighted that BlackRock, a company he admires, has seen substantial outflows from its Bitcoin ETF, with $330 million being pulled out in three consecutive days. This decline is concerning, but Cramer remains bullish on Bitcoin and advises viewers to closely monitor the market. He suggests that $90,000 is the next potential buy level for Bitcoin. Cramer also emphasizes Bitcoin's role as a hedge, particularly for younger and more enthusiastic investors. He attributes much of Bitcoin's momentum to options trading on the Robinhood platform, which has captured the attention of younger investors while larger financial firms have overlooked it. Please note that this summary does not constitute investment advice.



Other News from Today