Jim Cramer watches this key bitcoin support level as Michael Saylor hints at buying the dip
CoinDesk
Jim Cramer questioned bitcoin bulls amid a slide to $74,000, while Michael Saylor hinted at further purchases.Summary
CNBC host Jim Cramer expressed concern over Bitcoin's sharp weekend drop to around $74,000, questioning the whereabouts of its vocal supporters. He highlighted a potential support zone near $73,000 and suggested Bitcoin needed to reclaim $77,000 to move back toward the low $80,000s. Cramer repeatedly referenced MicroStrategy executive chairman Michael Saylor, who hinted at buying the dip by tweeting "more orange." Cramer used the volatility to underscore Bitcoin's "unreliability" as a short-term currency, despite personally owning the asset. He also suggested the crypto selloff was impacting wider risk markets, urging investors to focus instead on stocks and corporate earnings rather than macro distractions.
(Source：CoinDesk)