Bitcoin slid to around $74,000 over the weekend, its lowest level since April 2025, prompting CNBC host Jim Cramer to ask where the asset’s loudest supporters were as price tested key technical levels.
Cramer cited strategist Jessica Inskip in pointing to the $73,000 area as a possible support zone. For the market to regain upside momentum, he said bitcoin would need to reclaim $77,000 and turn that level back into a launching point toward the low-$80,000s. He also repeatedly referenced Strategy executive chairman Michael Saylor, asking whether the longtime bitcoin bull still had enough “dry powder” to step in.
Saylor Hints at Another Bitcoin Buy
Saylor added fuel to that discussion with a Sunday post reading “more orange”, a message that suggested Strategy may have bought more bitcoin during the weekend selloff. The source material did not include a purchase size or entry price, but the timing drew attention because it came as the market was moving sharply lower.
Cramer used the drop to highlight bitcoin’s volatility and what he sees as its short-term limits as a currency. He noted that he personally owns bitcoin, yet wrote that the weekend move showed how unreliable it can be on a short-term basis as a form of money.
Selloff May Be Spilling Into Broader Risk Assets
He also argued that the crypto decline could be feeding into wider risk markets. In his view, leveraged traders in metals and other speculative areas often sell equities to raise cash when prices are falling elsewhere, creating pressure beyond crypto itself.
At the same time, Cramer said investors should not get absorbed by “jeremiads of destruction.” He said his focus remains on stocks and corporate earnings rather than macro distractions such as bitcoin or precious metals. On the latest move, he also speculated that short sellers may be leaning on bitcoin ahead of Strategy’s report later this week, and warned that the usual bullish talking points may not be enough if the break lower gathers pace.