Posted 1/19/2024, 5:23:29 AM
Bitcoin Selloff Begins After ETF Debut Fizzles, Cramer Warns More Losses May Come
- Jim Cramer said "Nasty beginning to the bitcoin selloff" after Bitcoin declined following the launch of several Bitcoin ETFs
- Cramer noted that Bitcoin's value had doubled anticipation of the ETFs, but "almost no one shows up" after launch
- Bitcoin is currently trading around $41,000, the lowest since the ETF debuts
- Cramer shared a warning from trader Larry Williams that the crypto market has not reached its lowest point yet
- Last week Cramer said he wasn't sure Bitcoin would see a "sell the news" top after the ETF launches