Bitcoin Declines to $74,000 as Jim Cramer Questions Where Bulls Have Gone

Bitcoin BTC $77,800.26 experienced a sharp weekend decline, dropping to around $74,000, its lowest level since April 2025. CNBC host Jim Cramer weighed in on the selloff, questioning the whereabouts of the asset’s most vocal supporters as prices tested critical technical support levels.

Cramer identified a potential support zone near $73,000, citing strategist Jessica Inskip’s analysis. He suggested bitcoin would need to reclaim $77,000 as a “launching pad” to move back toward the low-$80,000s.

The host repeatedly referenced Michael Saylor, the executive chairman of software company MicroStrategy, asking whether the longtime bitcoin bull had “dry powder” available to purchase at lower prices.

Saylor responded to market conditions by hinting that MicroStrategy purchased more bitcoin over the weekend. The executive posted “more orange” on Sunday, a reference to bitcoin’s color in market charts, signaling additional accumulation during the decline.

Cramer framed the weekend volatility as a demonstration of bitcoin’s short-term limitations as a currency. “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. He noted that he personally owns bitcoin despite these observations.

The broader crypto selloff appeared to be affecting wider risk markets, according to Cramer’s assessment. He suggested that leveraged traders in metals and other speculative assets often liquidate equities to raise cash when prices decline in other sectors.

See also: MicroStrategy Now Holds $63 Billion in Bitcoin—Here Are Its Biggest Buys

Cramer urged investors to avoid becoming consumed by “jeremiads of destruction,” instead recommending they focus on opportunities in stocks and corporate earnings rather than macro-driven distractions like bitcoin or precious metals.

The CNBC host speculated that short sellers may be pressing bitcoin ahead of MicroStrategy’s earnings report later in the week. He warned that bullish narratives from the usual supporters may not be sufficient if the price decline accelerates further.

Bitcoin’s decline represents a significant test of investor confidence in the cryptocurrency after months of relative strength. The asset’s ability to hold support near $73,000 will be watched closely by traders and analysts monitoring the market’s direction.

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