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

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/es/news/bitcoin-sube-a-90900-tras-la-advertencia-bajista-de-jim-cramer-los-mercados-desafían-su-afirmación-de-una-“cábala” Bitcoin surged on Thursday after CNBC host Jim Cramer issued a bearish assessment of the overall market, 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 selling by investors who needed liquidity.

The selling wave had pushed Bitcoin down sharply before the turnaround on Wednesday, which continued on Thursday.

The shift in sentiment became immediately visible in the crypto markets.

Bitcoin rose by 4.5% in the last 24 hours to trade 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 pointed out that the timing closely coincided with Cramer's statements, referring to a pattern where assets move in the opposite direction to their forecasts.

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 predicts that Bitcoin will surpass $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 in a post that investors are ignoring fundamental risks.

Schiff presented the recent market volatility as a warning sign rather 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 the initial drop in Bitcoin 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 move defied market logic.