Bitcoin slipped just under 1% in the past 24 hours as bearish calls among analysts including Jim Cramer, a former hedge fund manager and host of CNBC’s Mad Money, grew. Overall market capitalization lost 0.3%.
Ether (ETH) showed signs of stability around $1,500 with a 0.5% gain after a nearly weeklong slide. The token started to drop Monday after the influential Ethereum Foundation sold $2.7 million worth of ETH for stablecoins.
XRP and BNB Chain’s bnb tokens fell 0.4%, while Solana’s SOL dropped 1.4%. The only gainer among large-cap tokens was Chainlink’s LINK, which added 2.2% as one research firm noted it was likely the “safest bet” to profit from the emerging real-world asset (RWA) tokenization trend.
The CoinDesk Market Index (CMI), a broad-based indicator made up of hundreds of tokens, fell 0.4% to suggest overall losses among investor holdings.
Cramer joined an increasing cohort of bearish analysts Tuesday, suggesting bitcoin could “go down big.”
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