The crypto market’s correction intensified Sunday as Bitcoin slid to about $74,000 — its lowest since April 2025 — amid heavy liquidations.
CNBC commentator Jim Cramer, who says he owns Bitcoin, argued the sharp weekend plunge underscores BTC’s volatility and its weakness as a short-term 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 on X.
Cramer suggested the sell-off may reflect short sellers trying to pre-empt MicroStrategy’s earnings report, scheduled for Feb. 5, writing that “the shorts are probably trying to break him before that.” He warned that the usual bullish defenses might not produce enough buying pressure to stop a deeper decline.
Citing strategist Jessica Inskip, Cramer noted a potential support area near $73,000 and said Bitcoin needs a clear bounce above $77,000 to use as a “launching pad” back toward roughly $82,000–$83,000. He also called out the silence of prominent Bitcoin bulls after the Jan. 31 pullback and repeatedly asked whether MicroStrategy executive chairman Michael Saylor — a well-known BTC backer — has “dry powder” to step in.
MicroStrategy did buy the dip over the weekend, acquiring an additional 855 BTC for about $75 million, according to the company’s SEC filing.
