Experts of the Crypto Banter platform believe that the downturn in the altcoin market is not over, and the next few weeks may be turbulent for small-cap coins.
Altcoins such as Polygon (MATIC), Algorand (ALGO), Solana (SOL), and Cardano (ADA), which are designated securities by the US SEC, may be subject to additional risk.
If the leading cryptocurrency bitcoin (BTC) has managed to recover above $ 27,000, the level before the lawsuits against Binance and Coinbase were filed, the altcoin market is still unable to recover. Many altcoins have suffered significant losses of an average of 22%, and some have lost 40% altogether.
According to Crypto Banter, the cryptocurrency market will still face pressure. Meanwhile, according to CoinGecko, now the green color prevails on the crypto market, as the bitcoin rate that rose to $27,400, as always, pulled the majority of altcoins.