Despite Jim Cramer's warning to investors to withdraw from the cryptocurrency market, Bitcoin and other top cryptocurrencies have seen gains on the daily charts. Cramer drew parallels between the recent banking crisis and the crypto industry, calling cryptocurrencies "scams" and referring to crypto platforms as "poppycock."

He recommended participants on such platforms sell their holdings and switch to safer investments like Treasury bonds. However, Twitter users are placing bets on the Inverse Jim Cramer ETF, which performed well in the first quarter of 2023, outperforming the S&P 500 index with a year-to-date return of 6.59%.