Bitcoin rises to $90,900 after Jim Cramer's bearish warning; markets challenge his prediction

Source: Yellow Original Title: Bitcoin rises to $90,900 after Jim Cramer's bearish warning; markets challenge his claim of a “cabal”

Original Link: https://yellow.com/en/news/bitcoin-jumps-to-90900-after-jim-cramer's-bearish-warning-markets-challenge-his-claim-of-a-“cabal” Bitcoin surged strongly after CNBC host Jim Cramer issued a bearish assessment of the market overall, a move that reignited the “Cramer inverse” narrative among cryptocurrency traders.

The rebound followed a volatile stretch in which over 1 billion dollars in crypto positions were liquidated, and traders pointed to Cramer's recent comments as the unexpected turning point.

What happened

Cramer said on CNBC that the recent market rebound “makes no sense,” arguing that macro pressures and weakening risk appetite should weigh on stocks and cryptocurrencies.

His comments came shortly after he suggested that the crypto drop of the week was linked to forced sales by investors who needed liquidity.

The selling wave had pushed Bitcoin down sharply before the turnaround, which continued in the following days.

The change in sentiment was immediately visible in the crypto markets.

Bitcoin rose by 4.5% in the last 24 hours, trading around $90,900, while Ethereum gained 2.5% to $2,995.

XRP rose by about 1% to $2.18, and Dogecoin added approximately 1.5% to $0.15.

Why it matters

Online traders noted that the timing closely coincided with Cramer's statements, referencing a pattern where assets move in the opposite direction of their predictions.

Tom Lee, president of BitMine, moderated his previous aggressive year-end target for Bitcoin and described a new “all-time high” for the end of the year merely as a possibility, although he still forecasts that Bitcoin will exceed $100,000 before the end of 2025.

The economist Peter Schiff, for his part, took the opportunity to reiterate his long-standing criticism of Bitcoin, arguing that investors are ignoring fundamental risks.

Schiff presented the recent market volatility as more of a warning sign than a buying opportunity.

The wave of liquidations that preceded the rebound highlighted the high leverage in the crypto markets.

According to reports, the rapid unwinding of positions contributed to Bitcoin's initial drop and added pressure on major altcoins.

Cramer said that those liquidations were part of the reason why the rebound seemed disconnected from the underlying conditions, insisting that the movement defied market logic.