Bitcoin Drops $2,000 After Jim Cramer Says ‘Just Go Buy Bitcoin’; $1.3 Billion Liquidated in 24 Hours
Forecast Trend Report by Period
Bitcoin fell by about $2,000 after CNBC host Jim Cramer urged investors to buy the cryptocurrency.
On Aug. 22, crypto-focused media outlet Cointelegraph wrote on X, formerly Twitter, that “after Cramer said ‘Just go buy Bitcoin,’ the price of Bitcoin fell by $2,000.”
The broader digital-asset market also saw a wave of forced liquidations during the same period. About $1.3 billion of positions were liquidated across the crypto derivatives market over the past 24 hours.
Still, no direct causal link has been established between Cramer’s comments and Bitcoin’s decline.
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