Quote from: zanezane on Today at 06:50:28 AM

Quote from: Cryptoshops on Today at 06:27:32 AM

Stock markets across the world are down and the Chinese property group called Evergrande caused the Asian markets to fail and then the US and Europe markets followed suite becuase of concerns the huge property group might go bust as they are in so much debt. Crypto also tends to follow the stock markets around the world hence the sharp decline.

That's a bit over the top don't you think? I mean that's crazy to think that crypto follows the stock market because that means that crypto isn't as independent as we think it is because it's basing it's movement to the stock market. Probable cause for the dips in prices is probably that there's more people that's taking some profit and there's also the news of a dormant address that's started moving.

If you look at the crypto ups and downs throughout its history it does follow the stock markets pretty closely Here is an Item from Forbes "Bitcoin is meant to be an uncorrelated asset and this is/was a positive. However, it is clear that right now bitcoin correlates with stocks very closely

https://www.forbes.com/sites/investor/2020/05/13/bitcoin-and-stocks-correlation-reveal-a-secret/