Bitcoin News
Latest Crypto from multi News Outlets
  • bitcoinBitcoin (BTC) $ 22,827.00 0.9%
  • ethereumEthereum (ETH) $ 1,643.55 0.06%
  • tetherTether (USDT) $ 0.999197 0.26%
  • bnbBNB (BNB) $ 326.00 1.01%
  • usd-coinUSD Coin (USDC) $ 0.997434 0.37%
  • xrpXRP (XRP) $ 0.396889 0.23%
  • binance-usdBinance USD (BUSD) $ 1.00 0.07%
  • cardanoCardano (ADA) $ 0.390165 0.42%
  • dogecoinDogecoin (DOGE) $ 0.089667 1.58%
  • matic-networkPolygon (MATIC) $ 1.29 4.26%
  • okbOKB (OKB) $ 44.17 0.25%
  • solanaSolana (SOL) $ 23.17 0.39%
  • staked-etherLido Staked Ether (STETH) $ 1,638.90 0.16%
  • shiba-inuShiba Inu (SHIB) $ 0.000014 2.04%
  • polkadotPolkadot (DOT) $ 6.68 0.57%
  • litecoinLitecoin (LTC) $ 97.66 1.47%
  • avalanche-2Avalanche (AVAX) $ 19.92 0.81%
  • tronTRON (TRX) $ 0.066365 2.32%
  • daiDai (DAI) $ 0.999496 0.15%
  • uniswapUniswap (UNI) $ 6.69 1.6%
  • cosmosCosmos Hub (ATOM) $ 14.89 2.42%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 22,827.00 0.83%
  • chainlinkChainlink (LINK) $ 7.06 0.7%
  • the-open-networkToncoin (TON) $ 2.28 3.66%
  • leo-tokenLEO Token (LEO) $ 3.38 0.8%
  • ethereum-classicEthereum Classic (ETC) $ 22.41 0.3%
  • moneroMonero (XMR) $ 164.83 1.5%
  • bitcoin-cashBitcoin Cash (BCH) $ 131.75 1.78%
  • aptosAptos (APT) $ 15.00 3.72%
  • stellarStellar (XLM) $ 0.090458 0.25%
  • nearNEAR Protocol (NEAR) $ 2.68 14.36%
  • crypto-com-chainCronos (CRO) $ 0.083520 2.96%
  • apecoinApeCoin (APE) $ 5.75 1.59%
  • filecoinFilecoin (FIL) $ 5.38 0.84%
  • quant-networkQuant (QNT) $ 139.00 0.73%
  • algorandAlgorand (ALGO) $ 0.285581 2.9%
  • lido-daoLido DAO (LDO) $ 2.40 4.6%
  • hedera-hashgraphHedera (HBAR) $ 0.074171 0.42%
  • vechainVeChain (VET) $ 0.025431 2.7%
  • internet-computerInternet Computer (ICP) $ 5.73 1.11%
  • the-graphThe Graph (GRT) $ 0.176085 2.39%
  • the-sandboxThe Sandbox (SAND) $ 0.830084 14.99%
  • fantomFantom (FTM) $ 0.526942 5.16%
  • decentralandDecentraland (MANA) $ 0.750353 2.77%
  • axie-infinityAxie Infinity (AXS) $ 11.84 7.92%
  • aaveAave (AAVE) $ 85.98 0.32%
  • flowFlow (FLOW) $ 1.17 5.03%
  • eosEOS (EOS) $ 1.08 1.46%
  • elrond-erd-2MultiversX (EGLD) $ 45.93 0.3%
  • theta-tokenTheta Network (THETA) $ 1.12 2.55%

Jim Cramer urges investors to exit crypto – ‘it’s never too late to sell’


Jim Cramer urges investors to exit crypto – 'it's never too late'

CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings.

“You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets,” he said.

The collapse of FTX, the bankrupt cryptocurrency exchange that was worth $32 billion at its peak, has thrown the crypto space under intense scrutiny and spurred mounting losses in a market that has seen digital assets get pummeled by the Federal Reserve’s interest rate hikes.

Cramer, who has warned against staying in speculative assets while the Fed continues to tighten the economy, reiterated his argument and said that investors shouldn’t be fooled by some coins’ inflated market capitalization. 

He added that he expects more marginal names including XRP, dogecoin, Cardano and Polygon to fall much further, possibly to zero.

Tether, a so-called stablecoin that’s supposed to be kinda-sorta pegged to the dollar, still has a $65 billion market cap,” he said, adding, “There’s still a whole industry of crypto boosters trying desperately to keep all of these things up in the air — not too different from what happened with bad stocks during the dotcom collapse.”

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.



Read More: Jim Cramer urges investors to exit crypto – ‘it’s never too late to sell’

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Leave A Reply

Your email address will not be published.