Jim Cramer weighed in on bitcoins a sharp weekend move to around $74,000 – the lowest level since April 2025 – calling into question where the asset’s loudest supporters were as prices tested key technical levels.
The CNBC host pointed to a potential support zone near $73,000, citing strategist Jessica Inskip, while suggesting that bitcoin needed to regain $77,000 as a “launch pad” back toward the low $80,000s. He repeatedly invoked the strategy’s ( MSTR ) executive chairman, Michael Saylor, asking whether the longtime bitcoin bull had “dry powder” to step in.
Saylor hinted that his company bought more bitcoin over the weekend and tweeted “more orange” on Sunday.
Cramer framed the drop as a reminder of bitcoin’s volatility and limitations as a currency in the short term, although he noted that he personally owns the asset. “The demonstration of what can happen in a weekend with bitcoin demonstrates its unreliability, in the short term, to be a currency,” he wrote.
More broadly, Cramer suggested the crypto sell-off broke into broader risk markets, arguing that leveraged traders in metals and other speculative corners often liquidate stocks to raise cash when prices fall elsewhere. Still, he urged investors not to be consumed by “jeremiads of doom,” instead focusing on opportunities in stocks and corporate earnings rather than macro-driven distractions like bitcoin or precious metals.
Cramer speculated that short sellers may be pushing bitcoin ahead of Saylor’s corporate reporting later this week, warning that bullish narratives from “the usual defenders” may not be enough if the breakout accelerates.
