Bitcoin Slips Below $41,000 After Jim Cramer's 'Far From The Bottom' Tweet: What Happened To 'Inverse Cramer'?
Portfolio Pulse from Murtuza Merchant
Jim Cramer tweeted a warning from trader Larry Williams about the crypto market being 'very far from the bottom,' leading to Bitcoin slipping below $41,000. This tweet has reignited the 'Inverse Cramer' sentiment, where traders do the opposite of Cramer's advice, expecting profitable outcomes. Bitcoin's price drop marks its lowest since the launch of spot Bitcoin ETFs.
January 18, 2024 | 9:14 pm
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Bitcoin's price fell below $41,000 following Jim Cramer's tweet about Larry Williams' warning, indicating a bearish sentiment in the short term.
The article directly correlates the drop in Bitcoin's price to Jim Cramer's tweet about Larry Williams' pessimistic view on the crypto market. Given Cramer's influence and Williams' reputation, this news could have a significant short-term negative impact on Bitcoin's price.
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