I was really disappointed to see the drop yesterday. It used to be that the crypto market would do the opposite of what the traditional market was doing. That hasn't been the case lately. They have been much more closely aligned and I am not sure I like it.
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Yeah I was anticipating that they would drop with stocks, but I'm disappointed because crypto is the anti-inflation asset that's not impacted by the fed. In my mind people should be flooding crypto markets...
Totally agree.
In times of such extreme volatility and uncertainty in the traditional markets, I don't think we can expect any specific correlation between them and crypto. Too much money is being lost in traditional markets and due to job losses to allow people enough money to gamble on crypto.
Good point. I had hope that people would move into stable coins and eventually other currencies as the fed keeps printing and devaluing currency.