Jim Cramer Says Buy The Fear As Bitcoin Slump to $94,000 and Stock Market Collapse
The post Jim Cramer Says Buy The Fear As Bitcoin Slump to $94,000 and Stock Market Collapse appeared on BitcoinEthereumNews.com.
Jim Cramer advises investors to buy into the fear amid a broader market pullback that has impacted the stock market and Bitcoin. Notably, Bitcoin’s price has recently declined to $94,000, reflecting a broader market downturn following the Federal Reserve’s latest policy decisions. The Fed reduced interest rates by 0.25%, bringing them to a range of 4.25% to 4.5%. Stock and Crypto Markets Down However, Chairman Jerome Powell hinted at a slower pace of easing in 2025, indicating plans for fewer rate cuts than previously anticipated. This hawkish stance has unsettled both stock and cryptocurrency markets. Major indices like the S&P 500 and Nasdaq experienced significant declines, with the S&P 500 dropping nearly 3% in the past five days. Within the same timeframe, the Dow Jone has slumped by 3.43%, while the Nasdaq Composite has dropped by a more substantial 4.12%. Notably, crypto mirrored this trend, as Bitcoin led the charge, collapsing below the $100,000 mark. The crypto market has so far seen over $1.3 billion in liquidations over the last 24 hours. Jim Cramer’s Advice Amid this volatility, financial commentator and CNBC’s Mad Money host Jim Cramer advises investors to consider buying into the fear. He suggests that market downturns, often driven by fear and uncertainty, can present buying opportunities for those willing to take a contrarian stance. Jim Cramer on X It’s worth noting that Cramer’s recommendations often come under humorous scrutiny by the crypto community for their interesting impact. Notably, many in the community suggest that the market often moves in the opposite direction to what the Mad Money host predicts. However, in the current scenario, Cramer’s advice to “buy the fear” appears to resonate with broader market sentiment. Mentions of “buy the dip” have surged to an eight-month high in the crypto community, indicating a collective inclination…
