Jim Cramer, great deal of CNBC Crazy Money, on Monday, he said that in light of the cryptocurrency market rally, he would sell all of his Bitcoin USD/BTC holdings.
What happened: Cramer urges investors to be careful when trading Bitcoin, as the cryptocurrency is still subject to manipulation. In bad moneyCramer warned that "Bitcoin is a strange animal" and investors should sell their holdings amid the rally.
โI would sell my Bitcoin on this rally, believe me, and I believed in BTC,โ Cramer said.
See also: Best Indian Apps Giving Bitcoin and NFT Rewards
It should be noted that Bitcoin broke above $24,000 for the first time in more than two weeks.
This is not the first time Cramer has investigated crypto markets. Earlier in January, he criticized the cryptocurrency markets. calling them "truly a sham".
the closure of silicon Valley Bank, a subsidiary of the SVB Financial Group BLIMSand signature bank sbny makes this an especially difficult time for investors who rely on Cramer's stock recommendations. Amid these shutdowns, many stocks Cramer has previously recommended are among the lowest.
Cramer had named Signature Bank as one of their favoritesonly for regulators to shut down the bank weeks later.
Price Action: crypto apex BTC traded at $24,389, up 9.33% in the last 24 hours, according to data from Benzinga Pro.
