Touching upon historical performances, Jim Cramer said the correction from BTC and ETH could be over and he will consider re-entering the market.
Jim Cramer, the host of CNBC’s Mad Money show, believes the selloff in the cryptocurrency market could close to an end. This comes amid the massive price declines among all assets, with BTC losing over $10,000 in just days at one point.for the crypto market. Bitcoin went from above $43,000 to a six-month low below $33,000 in this time frame before it bounced off to its current stance at around $36,000.
“When the charts, as interpreted by Tom DeMark, say that both bitcoin and ethereum could be looking at downside trend exhaustion bottoms this week, if not today, I think you need to take him seriously.” He also seemed bullish on the second-largest crypto, advocating for it on numerous occasions. At one point, though, he revealed that his BTC and ETH investments were justWhile asserting that the most recent price slides could be over soon, Cramer now said that he will consider re-entering the market.
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