Why is Bitcoin and the Cryptocurrency market declining?
While the futures and stock markets are rising due to the Trump effect, Black Friday, and Thanksgiving, and commodities are falling due to tensions in Ukraine; the Cryptocurrency market is declining due to statements made by Jim Cramer.
According to Elon Musk, the statements made by Jim Cramer, a famous investor and television host, who stated that "Bitcoin is a winner right now and you should own the cryptocurrency." Since then, $495,000,000 has been liquidated, the highest historical liquidation to date due to the phenomenon called "Cramer Investor Effect," which means: do the opposite of what Cramer says.
