Bitcoin Drops $2,000 After Jim Cramer Says ‘Just Go Buy Bitcoin’
Minseung Kang
Summary
- Cointelegraph said the price of Bitcoin fell by $2,000 after Jim Cramer said, “Just go buy Bitcoin.”
- It also said about $1.3 billion in forced liquidations of positions occurred across the broader crypto derivatives market over the past 24 hours.
- It said no direct causal link has been confirmed between Cramer’s comments and the drop in Bitcoin’s price.
Forecast Trend Report by Period
Bitcoin fell about $2,000 after CNBC host Jim Cramer recommended buying the token.
Cointelegraph, a cryptocurrency news outlet, wrote on X on August 22 that Bitcoin dropped $2,000 after Cramer said, “Just go buy Bitcoin.”
The broader crypto market also saw heavy liquidations over the same period. About $1.3 billion of positions were liquidated across the global crypto derivatives market in the past 24 hours.
Still, no direct causal link has been confirmed between Cramer’s comments and Bitcoin’s decline.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.