Posted 1/4/2024, 7:35:00 PM
Bitcoin Price Plunges 10% After Cramer Comments, ETF Uncertainty
- Bitcoin price crashed nearly 10% on Wednesday, falling from $45,000 to below $41,000 in hours
- Crash followed comments from CNBC's Jim Cramer saying Bitcoin is "here to stay", his comments have a history of predicting the opposite
- Speculation that potential Bitcoin ETF approval was propping up price recently
- Negative forecast from Matrixport predicting SEC would reject Bitcoin ETF applications potentially contributed to crash
- Bitcoin price rebounded the next day, fate still in question amidst myriad influencing factors