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Cryptocurrency News Articles
Jim Cramer's Bitcoin (BTC) Curse Strikes Again as the Cryptocurrency Makes a U-Turn After His Bullish Stance
Nov 24, 2024 at 08:00 pm
The price of the largest cryptocurrency, Bitcoin (BTC), recently enjoyed a remarkable rally that pushed its price as high as $99,860 on major U.S. exchange Coinbase.
Financial TV personality Jim Cramer has once again showcased his immense influence on the markets, this time in the realm of cryptocurrency. Following Cramer's bullish statement on Bitcoin during a recent segment, the largest cryptocurrency by market capitalization experienced a sharp decline.
As reported by Finbold on March 29, Bitcoin enjoyed a rally that saw its price briefly touch $99,860 on major U.S. exchange Coinbase. However, the euphoria was short-lived as BTC's price took a U-turn after Cramer stated that people should own the cryptocurrency.
At the time, Bitcoin's price dropped to $97,215, where it found a local bottom. Notably, the segment had a ripple effect that even reached Elon Musk, who highlighted the "power" of Cramer's endorsement.
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