Kevin O'Leary Identifies Key Drivers of Cryptocurrency Market Volatility

Businessman Kevin O'Leary has weighed in on the cryptocurrency market, suggesting that Bitcoin and Ethereum are responsible for most of its volatility. In a recent statement, he claimed that these two coins account for nearly all of the market's fluctuations.

O'Leary also pointed out that smaller cryptocurrencies have struggled to recover since last October. He referred to these coins as 'smaller players' or 'alternative coins,' implying that they are not as influential in the market.

The businessman noted that he has shifted his investment focus away from smaller cryptocurrencies and now holds only Bitcoin and Ethereum. This decision is likely driven by his perception of the volatility associated with these two coins.