Elon Musk Reacts to Jim Cramer 'Causing' Bitcoin (BTC) Price Reversal

The price of Bitcoin (BTC) recently surged to an impressive $99,860 on the Coinbase exchange, sparking excitement in the market. However, this rally may be short-lived following comments from Jim Cramer, a well-known financial expert and TV host. Cramer, who has a reputation for making contrarian statements, stated that Bitcoin is currently a "winner" and recommended owning the cryptocurrency. This announcement had a noticeable impact, causing Bitcoin's price to reverse and settle at $97,215. The effect of Cramer's endorsement even caught the attention of Elon Musk, the billionaire entrepreneur behind SpaceX, X, and Tesla, who recognized the influence of Cramer's remarks on the market.