menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Jim Cramer...
source image

Cryptonewsz

6d

read

53

img
dot

Image Credit: Cryptonewsz

Jim Cramer Advocates Buying ‘Fear’ During Bitcoin Dip

  • After the Federal Reserve signaled fewer rate cuts than expected, the U.S. stock market experienced a significant drop, causing Bitcoin's price to fall below $93,000.
  • Jim Cramer, host of Mad Money on CNBC, advised investors to buy the fear instead of selling it, which many link to the sharp decline in Bitcoin's price.
  • The recent setback in the crypto market was triggered by the Federal Reserve's interest rate cut and projections of higher inflation and unemployment for 2025.
  • Despite cryptocurrencies being promoted as alternatives to traditional finance, they react negatively to rising interest rates, historically leading to lower valuations.

Read Full Article

like

3 Likes

For uninterrupted reading, download the app