Jim Cramer told investors on Wednesday that crypto is “due for a push today.” Coming from one of Wall Street’s loudest voices, it sounded like a rallying cry. In crypto circles, though, Cramer’s enthusiasm is often read in reverse, a cue to be careful, not bold.
The call landed in the middle of a fragile week. More than $110 billion has already been erased from the market since Monday, dragging total capitalization to $3.64 trillion.
At the time of publication, Bitcoin trades just above $107,000 after a 3% daily drop, with Ethereum, Solana, and BNB all losing closer to 5%. XRP has slipped below $2.40, fading after ETF hopes ran into regulatory gridlock.
That gridlock is real. The U.S. government shutdown has effectively switched off the SEC, freezing nearly 90 pending crypto fund applications, including Solana and XRP products. Inflows into existing Bitcoin ETFs have slowed to $146 billion from $159 billion only a week ago, leaving a demand gap that long-term holders have been quick to exploit.
Cramer’s warning on $1.5 trillion fund
Meanwhile, Jamie Dimon has unveiled a $1.5 trillion investment initiative aimed at rebuilding U.S. supply chains and strategic industries. It has nothing to do with crypto directly, but capital moves on narrative, and a program of that size has stirred risk appetite more broadly. Some of that excess liquidity will always leak into digital assets, adding another layer of volatility.
The technical story remains simple. Bitcoin’s $107,000 line is now the reference point for the entire market. If buyers hold it, dip-buying by institutions can keep the floor intact. If it breaks, a move to $105,000 looks inevitable, and altcoins are unlikely to escape the downdraft.
Which brings us back to Cramer, a push may well arrive. Markets often rebound after such sharp two-day drops. But without ETF inflows to backstop it, rallies risk looking like air pockets rather than foundations.
