CNBC mad money host Jim Cramer has once again stirred the pot in the cryptocurrency world with his latest tweet comparing gold and cryptocurrencies.

In an X post made a few hours back, Cramer wrote, "Remember this: gold held up a lot better than crypto." This statement quickly garnered reactions from the crypto community, with many interpreting it as a potential bottoming signal for the cryptocurrency market.

Remember this: gold held up a lot better than crypto...— Jim Cramer (@jimcramer) August 5,

2024

Cramer's tweet comes as the cryptocurrency market is experiencing increased volatility.

Cryptocurrencies fell on Monday amid a global market sell-off triggered by recession fears.

Bitcoin fell to $49,050 at one point, its lowest Level and the first time below $50,000 since February, after trading around $70,000 a week earlier.$BTC $ETH $BNB #BTCMarketPanic #RecessionOrDip? #MarketDownturn #Babylon_Mainnet_Launch #BinanceHODLerBANANA