Jim Cramer ‘Reiterate’ on Crypto Bull Market

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Jim Cramer ‘Reiterate’ on Crypto Bull Market

  • Jim Cramer reiterates current bullish on the crypto market.
  • Bitcoin (BTC) has surged by nearly 2% in the last 24 hours.

Jim Cramer, a famed host of CNBC’s Mad Money, stated in his recent Twitter post, “I reiterate it is a bull market”, as he claimed in January that ‘the current bullish cloud lasts for the next few months’. Since the start of 2023, the cryptocurrency market signals a bullish trend. At the time of writing, global crypto market has a market cap of $1.14 trillion, which surged over 3.1% in a day. 

Jim Cramer believes he has as a stock and cryptocurrency guru and strives to provide investment advice to people but always ends up recommending the wrong investments. Therefore people always choose to act in the opposite manner from what Cramer suggests. 

Even earlier in December 2022, the Mad Money host warned investors to liquidate their holdings due to Sam Bankman Fried’s ‘SBF’ FTX exchange collapse, which resulted in a market downtrend. 

Bullish on Crypto Market

The prominent cryptocurrency Bitcoin (BTC) price soared around 37% from the preceding month and rose by 3% in the previous two weeks. In the midst of the market’s massive growth, the market-leading coin has achieved a six-month high of $23,000 level after a prolonged bear market. According to CoinGecko, BTC traded at $23,271 with a market dominance of 40%. And the crypto king has a market cap of $448 billion, which increased by 2% in the last 24 hours. 

Further, the biggest altcoin Ethereum (ETH) price jumped 31% in a month and 8% in the last 14 days. ETH traded at $1,681, a high level since November 2022. Also, Bitcoin’s rival holds a market dominance of around 18% and has a market cap of $202 billion, surging 3% in a day. 

Moreover, other altcoins such as BNB, Cardano (ADA) Polygon (MATIC), Solana (SOL), Polkadot (DOT), Avalanche (AVAX), and more traded with significant price changes. Also, the memecoins Dogecoin (DOGE), Baby Doge coin, and Shiab Inu (SHIB) witness notable price surges.  

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