Cramer’s take. CNBC host Jim Cramer sparked fresh debate on X after claiming that the crypto market’s volatility is now steering the S&P 500.
Jim Cramer has entered the chat again, and once again the market audience cannot decide whether to take him as a warning or a contrary indicator. “It’s finally happening,” he wrote on X, pointing to the crypto market’s sudden spillover into the S&P 500.
According to Cramer, “the crypto/spec tail is wagging the S&P dog ” which can be translated as the wild swings in Bitcoin and other coins pulling the equity benchmarks with them.
For context, Bitcoin ripped past $124,000 earlier this month before getting smashed down to nearly $110,000 in just days, wiping out $19 billion in leveraged positions in just an hour candle.
The S&P 500’s chart over the same period shows the mirror image — red candles appearing right after Bitcoin’s collapse. That is what Cramer calls “the tail wagging the dog.”
Peter Brandt has shared an extremely bullish price chart.
Prominent commodity trader Peter Brandt has made waves with his most recent XRP price chart, which shows that a massive surge could potentially be in the cards.
The one-week chart, which spans from 2014 to 2027, shows the performance of the XRP token on a logarithmic scale. It shows two multi-year symmetrical triangles.
The first one spans the period from 2014 to 2017, which represents price consolidation before the eventual breakout during the 2017 bull run.
The second triangle shows another lengthy period of consolidation that lasted from 2018 to 2025. The price has now seemingly broken out above the upper boundary, which makes the pattern rather notable. That said, it certainly does not mean that history will repeat itself this time around.
DOGE faces even more pressure from whales as shorts are piling up with intent to see meme coin even lower.
A few whales seem to be preparing for even more of a decline, and one in particular is making greater bids on the market’s downside after a certain point in time.
Whale “0x9eec9”, a trader who allegedly made over $31.8 million on Hyperliquid, currently has $98 million in active short positions in a number of significant cryptocurrencies, including Dogecoin, Ethereum, XRP, PEPE and Aster.
A $32 million DOGE short is the biggest of these, indicating either a strong belief or inside knowledge of something that is developing behind the scenes.
The current DOGE chart presents a picture of uncertainty. The meme coin failed to regain crucial resistance around $0.22-$0.23 after a steep 25% recovery following the flash crash, finally stalling under the 200-day EMA once more. Volatility spiked after the technical rejection, suggesting that traders may be offloading at the peak of the recovery bounce.
