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?
I agree with your point! Stock market crash will greatly affect the cryptocurrency market. Maybe when the stock crash, people will divert their investment to Bitcoin. Bitcoin is currently rising very fast. This is a good sign if you choose bitcoin to invest!
Right now we can talk about it.
Because of the outbreak of corona virus, the stocks in China are affected and it is falling. Other countries are also affected by it since China is a big market and where big trades are happening. As the stock falls there, the price of Bitcoin increases. It is not connected at all, it is just all a coincidence that this is happening. It can affect the market in a way but not most of time.