Cramer Taunts Bitcoin Bulls as BTC Dips Below $80,000
Jim Cramer took to X (formerly Twitter) on February 1, 2026, to mock Bitcoin bulls as the cryptocurrency fell below the psychologically important $78,000 mark. Cramer questioned the whereabouts of the "usual Bitcoin defenders" and punctuated his taunt with a nautical "Ahoy??".
Key Details of Cramer's Comments
The "Line in the Sand": Cramer identified $80,000 as a critical support level, expressing surprise that those with the "most to lose" were not defending it over the weekend.
Technical Challenge: He noted that bulls have until Monday to push the price back above $82,000 to claim a "double bottom" chart pattern.
Current Holding: Despite his taunts, Cramer clarified that he remains a "long-standing owner of Bitcoin" himself.
Market Context (February 1, 2026)
Bitcoin has experienced significant volatility in early 2026, dropping roughly 6.5% in the last 24 hours to trade around $78,600. This slump follows a period where Bitcoin peaked near $97,000 in mid-January before entering what some analysts are calling bearish territory.
The recent decline is attributed to liquidity worries and the selection of Kevin Warsh as the next Fed chair, which sparked fears of tighter financial conditions.
Recent Narrative Shifts
The "Cabal" Theory: In late 2025, Cramer suspected a "cabal" was artificially propping the price above $90,000, suggesting he expected further downside at that time.
Strategic Hedge: Cramer has previously advocated for Bitcoin as a hedge against U.S. national debt, comparing its utility to gold.
"Inverse Cramer" Sentiment: As usual, his latest comments have triggered "Inverse Cramer" memes within the crypto community, with some traders viewing his bearish taunts as a signal that the market bottom is near.
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