Bitcoin climbed sharply on Thursday after CNBC host** Jim Cramer** issued a bearish assessment of the broader market, a move that once again revived the “inverse-Cramer” narrative among crypto traders.
The rally followed a volatile stretch in which more than $1 billion in crypto positions were liquidated, with traders pointing to Cramer’s latest remarks as the unexpected turning point.
What Happened
Cramer said on CNBC that the recent market bounce “makes no sense,” arguing that macro pressures and fading risk appetite should weigh on equities and crypto.
His comments came shortly after he suggested that the week’s crypto drawdown was tied to forced selling by investors needing liquidity.
The selloff had pushed Bitcoin sharply lower before Wednesday’s reversal, which continued on Thursday.
The shift in sentiment was immediately visible on crypto markets.
Bitcoin rose 4.5% over the past 24 hours to trade around $90,900, while Ethereum gained 2.5% to $2,995.
XRP advanced about 1% to $2.18, and Dogecoin added roughly 1.5% to $0.15.
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Why It Matters
Traders online noted the timing closely aligned with Cramer’s remarks, referencing a pattern where assets move in the opposite direction of his calls.
Tom Lee, chair of BitMine, softened his earlier aggressive year-end target for Bitcoin and described a full "all-time high" by year-end as only a “maybe,” while still forecasting that Bitcoin will surpass $100,000 before the end of 2025.
Economist** Peter Schiff**, meanwhile, used the episode to reiterate his long-held criticism of Bitcoin, arguing in a post that investors were ignoring fundamental risks.
Schiff framed the recent market volatility as a warning sign rather than a buying opportunity.
The liquidation wave that preceded the rebound highlighted heightened leverage across crypto markets.
According to reports, the rapid unwinding of positions contributed to the initial slide in Bitcoin and added pressure across major altcoins.
Cramer said those liquidations were part of why the bounce appeared disconnected from underlying conditions, insisting the move defied market logic.