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Why Jim Cramer bought ether instead of bitcoin when crypto stabilized


CNBC’s Jim Cramer said Monday he recently added to his holdings of ether, the world’s second largest cryptocurrency by market value.

The “Mad Money” host had trimmed his position in ether — which runs on the Ethereum blockchain — in early May after the digital currency hit what was then a series of record highs.

“I went back into Ethereum because bitcoin held [$30,000],” Cramer said on “Squawk Box,” referencing bitcoin’s stabilization above that key support level after the cryptocurrency briefly plunged below $29,000 last week.


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