Bitcoin (BTC) displayed primarily positive dynamics during a trading session that appeared to be encouraging, shining the cryptocurrency quotations in vivid green hues. BTC traded in a modest surplus throughout the day, with gains reaching 0.5% and even exceeding 1% at one point.
This happy mood, however, could not last long since Jim Cramer, a well-known presenter and financial guru, has entered the scene with a pretty positive outlook.
Cramer is no stranger to making claims that frequently violate accepted wisdom and demolish preconceptions. His impact has been so big that it gave rise to the “Inverse Cramer” phenomena, in which investors act contrary to his recommendations. He used Twitter as usual to express his ideas.
Even if his comments had nothing to do with Bitcoin or the cryptocurrency market, the mere suggestion of his pro-upside slant set off a chain reaction. The price of Bitcoin reached a peak 12 minutes after Cramer’s tweets, but it quickly fell down to its starting price, wiping off 0.5% of the day’s gains.
Even if his comments had nothing to do with Bitcoin or the cryptocurrency market, the mere suggestion of his pro-upside slant set off a chain reaction. The price of Bitcoin reached a peak 12 minutes after Cramer’s tweets, but it quickly fell down to its starting price, wiping off 0.5% of the day’s gains.
