Cryptocurrency analyst Austin Campbell argued Wednesday that Bitcoin (CRYPTO: BTC) and Hyperliquid earned their rallies while Cardano (CRYPTO: ADA) simply caught a sympathy bid.
Why Campbell Is Fading Most Altcoin Moves Campbell told the Wolf of All Streets podcast that the broad altcoin rally is a correlation move, not a fundamental one.
He argued that nothing has changed for most altcoins and that the moves are purely sympathy-driven, with assets on low liquidity running harder than anything with real backing.
His sharpest criticism was reserved for Cardano.
"I'm looking at the screens and I'm like, why is Cardano up as much as Bitcoin right now?" Campbell asked.
