{"id":194791,"date":"2023-10-11T07:39:07","date_gmt":"2023-10-11T07:39:07","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194791"},"modified":"2023-10-11T07:39:07","modified_gmt":"2023-10-11T07:39:07","slug":"jim-cramer-warns-of-bitcoin-crash-supporters-predict-rise","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/jim-cramer-warns-of-bitcoin-crash-supporters-predict-rise\/","title":{"rendered":"Jim Cramer Warns of Bitcoin Crash; Supporters Predict Rise"},"content":{"rendered":"

Even if the crypto backdrop is darker than it appears, Bitcoin has shown massive resilience in holding its ground at the critical support level of $27.3k. This is the moment the cryptocurrency enthusiasts and traders are eagerly watching for signs of a potential surge in October. Interestingly, this parallels the Israel-Gaza conflict, a tragic event with profound implications for both sides. Despite these external pressures, Bitcoin remains resolute, standing firm in the world of altcoins.\u00a0<\/p>\n

However, the recent market data shows a trend: Bitcoin\u2019s dominance has seen a noteworthy uptick of approximately 1.27% over the past five days, reaching a current level of around 51.26%. In stark contrast, notable altcoins like Ethereum (ETH), Polygon (MATIC), XRP, and Solana (SOL) have witnessed a dip ranging from 3 to 5% in the preceding 24 hours.<\/p>\n

As market dynamics change, is there a shift toward gold or fiat currency, and why do traders believe Bitcoin is the only hope? Let\u2019s examine Bitcoin\u2019s downturn dynamics.<\/p>\n

Bearish Sentiments Say, Don\u2019t Invest in Gold, Bitcoin Risk is Bigger!<\/strong><\/h2>\n

The prominent CNBC host, Jim Cramer, has recently adopted a relatively cautious stance on Bitcoin, hinting at the possibility of a significant downturn for the digital currency. He quickly formulates the sentiment among viewers seeking not just to avoid financial losses but to generate profits actively. In Cramer\u2019s view, traditional options like gold and Bitcoin currently present risks, with the latter potentially poised for a substantial decline. <\/p>\n

Bullish Heart Say, Bitcoin is the Only Safe Haven in Uncertainties<\/strong><\/h2>\n

Contrary to Cramer\u2019s reservations, billionaire investor Paul Tudor Jones maintains an unshakable confidence in Bitcoin. During a recent appearance on CNBC’s “Squawk Box,” Jones expressed his belief that Bitcoin and gold remain a steadfast hedge against economic uncertainties.<\/p>\n

Bitcoin (BTC) is trading at $27,340, exhibiting a modest 0.8% gain over the last 24 hours. The flagship cryptocurrency has undergone fluctuations, oscillating between a 24-hour low of $27,296 and a high of $27,726. On a year-to-date basis, Bitcoin has surged by an impressive 65%.<\/p>\n

Also Read: Bitcoin Price Analysis: A Huge BTC Move Is Incoming; Is $30,000 On the Horizon!<\/p>\n

In The End Some Boomerang!<\/strong><\/h2>\n

Notably, Cramer\u2019s apprehensive outlook is not inching away from the cryptocurrency community. The community is prepping for more action. Peter Smith, the CEO of Blockchain.com, playfully hinted at a potential \u201cUptober\u201d in response to Cramer\u2019s bearish prediction. Meanwhile, @btc_dan boldly suggested that Cramer\u2019s recent comment could be a harbinger of a new Bitcoin bull market.<\/p>\n

Given Cramer\u2019s track record, which has been known to be unpredictable, it has even led to the creation of an \u201cInverse Cramer ETF.\u201d This ETF allows investors to bet against Cramer\u2019s stock picks, reflecting a sentiment among specific traders that taking a contrarian view to his predictions might be profitable. It\u2019s worth noting that this ETF was eventually shut down in August.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Even if the crypto backdrop is darker than it appears, Bitcoin has shown massive resilience…<\/p>\n","protected":false},"author":4,"featured_media":194790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nJim Cramer Warns of Bitcoin Crash; Supporters Predict Rise - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/jim-cramer-warns-of-bitcoin-crash-supporters-predict-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jim Cramer Warns of Bitcoin Crash; Supporters Predict Rise - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Even if the crypto backdrop is darker than it appears, Bitcoin has shown massive resilience...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/jim-cramer-warns-of-bitcoin-crash-supporters-predict-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-11T07:39:07+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/10\/Jim-Cramer-Warns-of-Bitcoin-Crash-Supporters-Predict-Rise.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/jim-cramer-warns-of-bitcoin-crash-supporters-predict-rise\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/jim-cramer-warns-of-bitcoin-crash-supporters-predict-rise\/\",\"name\":\"Jim Cramer Warns of Bitcoin Crash; 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