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Crypto about to explode? Jim Cramer says yes
Jim Cramer told investors on Wednesday that crypto is “due for a push today.” Coming from one of Wall Street’s loudest voices, it sounded like a rallying cry. In crypto circles, though, Cramer’s enthusiasm is often read in reverse, a cue to be careful, not bold.
Crypo due for a push today. We are in 2000 territory on specs. It is where the cockroaches are. But at the same time Jamie Dimon said the cockroaches are ending he announces a $1.5 trillion fund that unwittingly stoked a huge spec wave… We MUST focus on this before people really…
The call landed in the middle of a fragile week. More than $110 billion has already been erased from the market since Monday, dragging total capitalization to $3.64 trillion
At the time of publication, Bitcoin trades just above $107,000 after a 3% daily drop, with Ethereum, Solana, and BNB all losing closer to 5%. XRP has slipped below $2.40, fading after ETF hopes ran into regulatory gridlock.
Cramer’s warning on $1.5 trillion fund
Meanwhile, Jamie Dimon has unveiled a $1.5 trillion investment initiative aimed at rebuilding U.S. supply chains and strategic industries. It has nothing to do with crypto directly, but capital moves on narrative, and a program of that size has stirred risk appetite more broadly. Some of that excess liquidity will always leak into digital assets, adding another layer of volatility.
The technical story remains simple. Bitcoin’s $107,000 line is now the reference point for the entire market. If buyers hold it, dip-buying by institutions can keep the floor intact. If it breaks, a move to $105,000 looks inevitable, and altcoins are unlikely to escape the downdraft.
Which brings us back to Cramer, a push may well arrive. Markets often rebound after such sharp two-day drops. But without ETF inflows to backstop it, rallies risk looking like air pockets rather than foundations.