Jim Cramer Warns Crash, Will Crypto Market Reverse?

Jim Cramer is an influential personality in the media industry. He is an author, trader, and host of the CNBC show Mad Money, among many other attributes.

He is equally influential in the crypto market for his prediction and the “inverse Cramer index.”

Today’s highlight became his newest prediction, in which he warns of an upcoming crash, but investors are not worried. Let’s discuss the situation.

Jim Cramer Predicts Crash, But Investors Celebrate Reversal
Cramer posted on X earlier in the day, saying, “Truly a hideous opening. Just a total washout coming.”

Although his words were limited in this post, his followers instantly understood his reference to the global market crash, which could also influence the crypto market, which is already in the consolidation phase.

The post refers to the financial market’s poor performance since the beginning of the year before predicting a crash.

The X post has received over 850k views with 1.8k reshares and 1.3k comments.

However, none showed worry or concerns, but somewhere short of celebrating due to the inverse Cramer index and investors’ belief that things would go opposite to what this crypto analyst had said.

This index has been used for many years, and there’s even an exchange-traded fund, SJIM, which bets on the opposite of the Mad Money host’s prediction.

Interestingly, the inverse Cramer index is defined as the same when the market behaved opposite Jim Cramer’s prediction. This is why investors see market recovery after this.

Will Crypto Market Recover After Kramer’s Prediction?

Overall market conditions and Coinglass’s liquidation data of $400M confirm the crypto market crash today, which occurred due to the Bitcoin price drop, increased uncertainty, whales, institutional selling, and much more.

Although analysts had anticipated uncertainty around Donald Trump’s inauguration day,

#JimCramer #cryptomarket #Alerts #USAcrypto #CryptoNews