At first my thought ws, that people who have a lot of funds invested in oilmarket also have a lot of investments in cryptocurrency. When oil price began to go down, they pulled the money from cryptocurrency to save oil price from falling deeper. That is why there was a half day/ one day gap between price drops of oil and bitcoin.
What do you think about that? Does my idea "have right to live" or it is just rubbish?
some could be investing on both but some arent . those who invest both can do what your saying .
i see many people talking about the price of oil lately and they are planning to invest on it but take note these people dont invest on oil before but these people are involved on cryptocurrency so yeah you could be right again . btc/cryptos and oil dont have direct relation but they have an indirect impact to each other if one of them crash or pump .