Jim Cramer weighed in on bitcoin sharp weekend drop to around $74,000, its lowest level since April 2025, questioning where the asset’s most vocal supporters were as prices tested key technical levels.
The CNBC host pointed to a possible support zone near $73,000, citing strategist Jessica Inskip, while suggesting bitcoin needed to reclaim $77,000 as a “launch pad” toward the low $80,000s. He repeatedly invoked Strategy (MSTR) CEO Michael Saylor and asked if the veteran bitcoin bull had “dry powder” to intervene.
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 the volatility and limitations of bitcoin as a currency in the short term, even as 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, as a currency,” he wrote.
More broadly, Cramer suggested that the cryptocurrency selloff was fueling 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 get consumed by “jeremiads of destruction” but to focus on opportunities in stocks and corporate earnings rather than macro-driven distractions like bitcoin or precious metals.
Cramer speculated that short sellers could be putting pressure on Bitcoin ahead of Saylor’s company report later this week, warning that bullish narratives from “the usual defenders” may not be enough if the price decline accelerates.
