Jim Cramer Evaluates the Decline in Bitcoin

Financial expert Jim Cramer questioned where the bulls are as the Bitcoin price dropped to 74,000 USD. Cramer identified 73,000 USD as a critical support level for Bitcoin and emphasized that the asset needs to regain 77,000 USD for future gains.

Strategy Chief Michael Saylor hinted at new purchases over the weekend, but Cramer expressed doubts over whether "traditional proponents of buying" could provide enough buying pressure to prevent a deeper drop.

The selling wave in the markets has started to spread to other sectors. Cramer noted that leveraged traders in metals and speculative stocks are liquidating their positions to offset crypto losses. This situation could negatively impact broader risk markets.