Pro-Ripple Lawyer Slams Jim Cramer's Faulty Bitcoin Advice as BTC Surges 36%

Pro-Ripple lawyer and founder of CryptoLaw, John Deaton, took a subtle dig at Mad Money host Jim Cramer in a recent tweet. Deaton was responding to a tweet by a user who pointed out that Bitcoin's price had risen since Cramer's negative comments about cryptocurrencies. During an episode of Mad Money, Cramer expressed his loss of faith in cryptocurrencies and suggested that Bitcoin's price was being manipulated up. Many crypto enthusiasts interpreted Cramer's comments as a buy signal, and Deaton thanked him for giving him the confidence to buy Bitcoin. At the time of writing, Bitcoin had surpassed $27,000, up 2.84% in the last 24 hours, with the majority of cryptocurrencies trading in the green due to developments in the U.S. banking crisis. The Federal Reserve's overnight balance sheet data showed that roughly $300 billion had been injected into the economy, sparking fresh upside.