I was thinking that investors would think the cryptocurrency market as an alternative to traditional investment products.
Having said that, my point was that those two markets have a reverse impact.
If the stock market goes down, then investors would start searching for alternative (more profitable) investments and turn to Bitcoin and cryptocurrencies.
The last days stock market crash seems that lead the market cap of the crypto market down.
Does the Stock Market has impact over the Bitcoin price?
My opinion is different to you. I think the crypto market is also a financial market and only gold is something special. You know, early in 2019 when the US-China trade was very bad and immediately the price of Bitcoin fell more than 50% from $ 6k5 -> $ 3k2. then when the Fed lowered interest rates and Trump made many decisions in favor of businesses in the US, the stock market increased but the crypto market remained stable.
This shows that the crypto market is unpredictable and sometimes it cannot follow a standard.