Sunil Kumar
@sunil12349
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Cramer Doubles Down on Bitcoin, Pushes Back Against Criticism He Called the Top
"I got a bunch of yahoos saying I called the top on crypto by recommending it," Cramer said Tuesday during a segment of Mad Money.
Vince Dioquino
By Vince Dioquino
Nov 27, 2024
2 min read
Jim Cramer. Image: Shutterstock
Jim Cramer. Image: Shutterstock
Jim Cramer, the animated host of CNBC's "Mad Money," has become something of an unintentional crypto market indicator—just not in the way he probably hoped.
The commentator defended his crypto stance Tuesday during another installment of his market entertainment show, citing government spending and deficit concerns.
On Friday, the firebrand stock enthusiast issued a bullish call on Bitcoin, sending Crypto Twitter into a frenzy and prompting onlookers to declare that the asset had peaked.
Two days later, Bitcoin’s price fell 5%, erasing nearly $5,000 from its value and pushing long liquidations to an 11-day high above $344 million. 0 reply
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Trump Nominates Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary
Bessent is a prominent hedge fund manager known for his pro-crypto stance
Jason Nelson
By Jason Nelson
Nov 23, 2024
2 min read
Scott Bessent at a Trump/Vance Event.
Scott Bessent at a Trump/Vance Event.
President-elect Donald Trump has nominated Scott Bessent, a prominent hedge fund manager known for his pro-cryptocurrency stance, to serve as the next Secretary of the Treasury, multiple news outlets reported late Friday.
Bessent, founder of Key Square Group, has been a significant economic adviser to Trump’s campaign and is expected to play a pivotal role in shaping the administration’s economic policies. Among other things, he's an ardent supporter of Trump's plan to create a strategic Bitcoin Reserve.
Born in 1962 in Conway, South Carolina, Scott Bessent graduated from Yale University in 1984. He began his career in finance at Brown Brothers Harriman and later joined Kynikos Associates. In 1991, Bessent became a part… 0 reply
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Bitcoin Price Blasts Past $97,000 as Futures Hint at More Room to Run
Volatility surged this year, driven by U.S. spot ETF listings in January and the start of options trading on those products this week.
Sebastian Sinclair
By Sebastian Sinclair
Nov 21, 2024
3 min read
Bitocoin logo. Image: Shutterstock
Bitocoin logo. Image: Shutterstock
Bitcoin continues to set new records this year as traders begin eyeing a six-figure price for the world’s largest crypto—and according to analysis of the asset’s derivatives market, it's yet to overheat.
The asset climbed to well beyond $97,000 late Wednesday evening, blasting through its previous highs above $95,000 in less than an hour, CoinGecko data shows.
Its seesawing price has triggered a $100 million cascade of liquidations over the last 24 hours, with 80% of those coming from short sellers or those betting the price would head lower, according to data from CoinGlass.
Volatility has returned significantly this year, thanks partly to multiple spot exchange… 0 reply
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