Bitcoin rebounded strongly from the $60,000 mark after a widespread decline, as a statement on CNBC by Jim Cramer suggesting the US government is buying Bitcoin drew more attention to this psychological price level.
The cryptocurrency market has weakened broadly over the past few weeks, sparking debate about the causes and " Dip signals." Against this backdrop, rumors surrounding a "Bitcoin Reserve" and several valuation indicators like the Mayer Multiple are being closely monitored.
- Jim Cramer said on CNBC that the US government “will fill the Bitcoin Reserve” around $60,000, but there is no on-chain proof yet.
- The probability of the Fed cutting interest rates at its FOMC meeting on March 18 increased from 18% to 23.2% according to CME FedWatch, but it remains low.
- The $60,000 level is XEM a key support; the RSI shows downward pressure, while the Mayer Multiple of 0.6 suggests that BTC may be undervalued.
What did Jim Cramer say about the US government buying Bitcoin?
Jim Cramer said he “heard” that the US government would buy Bitcoin around $60,000 to add to its reserves, but this assertion lacks on-chain evidence and remains just a media claim.
After Bitcoin dropped below its “realized price” of $79,100, some called it a rare “black swan” event. However, Cramer viewed the journey back to $60,000 optimistically.
On a segment of CNBC Live's Squawk Box, Cramer said the US government is buying Bitcoin, hinting at "filling up" reserves in the $60,000 range.
"I heard they're going to fill Bitcoin Reserve at $60,000, you should close your short positions."
– Jim Cramer, CNBC Squawk Box
The crypto community largely dismissed this as unreliable information, with some calling Cramer a "joker." Another argument is that he might be confusing "Strategic Reserve" and "Strategic Holdings," with "holdings" sounding more logical given the lack of a clear regulatory framework for "Bitcoin Strategic Reserve."
The important point is that this statement was not accompanied by confirmation from on-chain data. Nevertheless, it still influenced how a segment of the market perceived the $60,000 mark.
Does the increased probability of the Fed cutting interest rates reflect market sentiment?
The probability of an interest rate cut at the March 18 FOMC meeting increased from 18% to 23.2% according to CME FedWatch, which is often XEM as a sign of improved "risk-on" sentiment, but this level is still too low to conclude a trend.
According to data from CME Group , the market probability of pricing in an interest rate cut scenario increased by 5% over the weekend, to 23.2%.
Under normal circumstances, expectations of lower interest rates could support risky assets because of lower Capital costs, easier leverage for traders, and a potential return of funds to Bitcoin and the rest of the cryptocurrency market.
However, the 23.2% figure itself still suggests that the cut scenario is not yet "consensus-based." The original text notes that in previous instances when cuts actually occurred, the probability was typically very high (80th percentile or higher).
Is the $60,000 level a crucial technical threshold for Bitcoin?
The price chart shows Bitcoin bouncing strongly after touching $60,000, making this area a support zone to watch, although the RSI divergence signal still warns of downward pressure that could pull the price below this zone.
The aggressive bounce at $60,000 highlights the psychological Vai of round price levels, further amplified by the "US government purchase price" narrative. While lacking on-chain validation, this narrative could make price reactions at the support zone more sensitive.
The original text also describes this area as an “order Block zone” that initiated the rally that propelled BTC to a peak of $126,000 in 2025, and is also the most recent liquidation liquidity swing.
On the risk side, the RSI divergence indicator is mentioned as a sign that selling pressure still exists, increasing the likelihood of a break below the $60,000 level if downward pressure continues.
What does the Mayer Multiple 0.6 say about BTC valuation?
A Mayer Multiple of 0.6 is often interpreted as Bitcoin being undervalued compared to its long-term Medium , thus increasing the likelihood of a rebound, although it cannot yet be confirmed that this is the Dip.
According to the original text, the Mayer Multiple touching 0.6 is XEM an "undervalued" signal. This creates a counter-argument to the RSI warning: the price may have reached a more attractive zone for long-term buyers.
The article also emphasizes that this is not an indicator confirming a Dip, but only suggests that the "risk approach" may be changing as the market absorbs fear after the sharp decline.
Similar phases have occurred near the Dip of bear markets in December 2018, March 2020, and November 2022, each followed by a strong rebound. However, a repeat of this in the future is not guaranteed.
Frequently Asked Questions
Does Jim Cramer have evidence that the US government bought Bitcoin at $60,000?
No. The original text states that Jim Cramer's statement lacks "on-chain backing," and the crypto community XEM it primarily as a rumor, not official confirmation.
Why is the $60,000 level for Bitcoin being watched so closely?
Bitcoin surged after touching $60,000, making it a technical and psychological support zone. Additionally, rumors of a "US government purchase price" drew more attention to this level, although these remain unverified.
Is the increased probability of the Fed cutting interest rates to 23.2% enough to conclude that the market will rise?
That's not enough. The probability, according to CME FedWatch, has increased from 18% to 23.2%, but it remains low, implying that a decision to cut interest rates is still unlikely given current valuations.
Does a Mayer Multiple of 0.6 mean Bitcoin has definitely bottomed Dip?
No. The Mayer Multiple 0.6 is interpreted as potentially undervalued BTC with a chance of recovery, but the original text clarifies that this indicator does not confirm a Dip but only suggests that the risk may be being revalued.
