Pseudonymous crypto expert DonAlt has expressed concerns over the current state of the cryptocurrency market, highlighting its apparent lack of strength.
"It’s quite surprising that we had this sharp of a drop," DonAlt said in a video shared by The Daily Hodl.
Cryptocurrencies — Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH), Shiba Inu (CRYPTO: SHIB), and Toncoin (CRYPTO: TON) — are trading flat with losses of about 0.6%, 0.1%, 1.3%, 7%. Dogecoin is trading up about 0.9% on Tuesday morning.
"Given that that whole thing was expected… even if we had a drop, we would rebound quickly because it’s a bulls--- drop," DonAlt said. "You would think that reverses quite quickly, but so far not the case, which makes me think ...