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Jim Cramer questions where the bitcoin bulls
Jim Cramer questions where the bitcoin bulls are as the crypto price slides to $74,000
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Jim Cramer questions where the bitcoin bulls are as the crypto price slides to $74,000
Jim Cramer sounds the alarm on bitcoin’s "unreliability" as a short-term currency after a sharp weekend drop.
By Oliver Knight|Edited by Jamie Crawley
Feb 2, 2026, 11:45 a.m.
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Jim Cramer questions where the bitcoin bulls are as the crypto price slides to $74,000 (Dylan Leagh/Unsplash, modified by CoinDesk)
What to know:
- Cramer highlights $73,000 as a vital floor for bitcoin, warns that the asset must reclaim $77,000 to establish a "launching pad" for future gains.
- Despite Strategy chairman Michael Saylor hinting at new weekend purchases, Cramer expressed skepticism about whether "the usual defenders" can provide enough buy-side pressure to stop a deeper break.
- The selloff is leaking into other sectors; Cramer noted that leveraged traders in metals and speculative stocks are liquidating positions to cover crypto losses, potentially dragging down wider risk markets.
Jim Cramer weighed in on bitcoin’s BTC$77,863.55 sharp weekend slide to around $74,000 — its lowest level since April 2025 — questioning where the asset’s most vocal supporters were as prices tested key technical levels.
The CNBC host pointed to a potential support zone near $73,000, citing strategist Jessica Inskip, while suggesting bitcoin needed to reclaim $77,000 as a “launching pad” back toward the low-$80,000s. He repeatedly invoked Strategy (MSTR) executive chairman Michael Saylor, asking whether the longtime bitcoin bull had “dry powder” to step in.
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Saylor hinted that his company purchased more bitcoin over the weekend, tweeting "more orange" on Sunday.
Cramer framed the decline as a reminder of bitcoin’s volatility and limitations as a currency in the short term, even as he noted that he personally owns the asset. “The demonstration of what can happen in a weekend with bitcoin demonstrates its unreliability, on a short-term basis, to be a currency,” he wrote.
More broadly, Cramer suggested the crypto selloff was feeding into wider risk markets, arguing that leveraged traders in metals and other speculative corners often liquidate equities to raise cash when prices drop elsewhere. Still, he urged investors not to get consumed by “jeremiads of destruction,” instead focusing on opportunities in stocks and corporate earnings rather than macro-driven distractions like bitcoin or precious metals.
Cramer speculated that short sellers may be pressing bitcoin ahead of Saylor’s company reporting later this week, warning that bullish narratives from “the usual defenders” may not be enough if the price break accelerates.
Jim CramerCNBC
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