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Jim Cramer Advocates Bitcoin Buying Amid BTC Price Surge

Mad Money host Jim Cramer caught the eyes of crypto market enthusiasts as he recently urged viewers to purchase Bitcoin.
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Jim Cramer Advocates Bitcoin Buying Amid BTC Price Surge

Mad Money host Jim Cramer recently nabbed significant attention among crypto market enthusiasts globally as he urged viewers to buy Bitcoin.

During a recent episode of Mad Money, a show offering stock and market insights, Jim Cramer put emphasis on the purchase of cryptocurrencies, especially Bitcoin.

Cramer’s words appear to have spiked quite the bustle within broader crypto markets as the Bitcoin price today witnessed marginal gains.

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Jim Cramer and Bitcoin

The ongoing saga between Bitcoin and Jim Cramer appears to be in talks for quite some time now. Earlier this year, during the month of October, Cramer reportedly urged his users to sell Bitcoin holdings amid prevailing market conditions.

As per the statement, Cramer claimed that the prevailing market conditions demonstrate a good opportunity for traders and investors to exit the cryptocurrency market. However, the recent remarks provided by him seem to be contrary to his prior beliefs.

Moreover, in Cramer’s most recent episode of CNBC Lightning Round, he stated that one should buy Bitcoin if they really like it. Besides this, Jim also stated that this had always been his way of thinking, and for a while, he liked it. It is this module of thinking that aided him in making money. Although he acted prematurely, money had already been made.

Nonetheless, Bitcoin witnessed a marginal surge following Cramer’s most recent remarks.

Also read: Crypto Bull Run To Continue In The Coming Days, Here’s Why

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Bitcoin Price Evaluation

At the time of writing, the Bitcoin price witnessed a slight jump of 1.87% today, reaching $37,259.54. Furthermore, the token witnessed a 1.21% surge over the past week, with a substantial increase of 21.74% over the past month.

However, the twenty-four-hour trading volume witnessed a significant downfall of 25.12%, evaluating $21.55 billion while writing.

Meanwhile, the aforementioned price surge seems to come in alignment with the recent insights offered by Jim Cramer.

Also read: Pyth Network (PYTH) Maintains Bullish Sentiment Amid Impressive Price Surge

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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