The crypto market isn't essentially or intrinsically affected by the situations of other financial markets.
I would have to say that this isn't true. While seemingly not connected to any government or nation, crypto is affected by economic situations as much as anything else. Crypto is still considered an investment and when the economy is in the toilet, people tend to not stretch out and put their hard-earned money into any investments, no matter how good or bad they are. And crypto is still mostly considered an investment rather than a potential of an actual functioning currency.
able to know if it does or does not affect crypto market.If ever bitcoins price falls to 8k once again then i wouldnt really hesitate on making a huge buyback.
But that price level? I don't think we will go back again to that level. But in this market, sometimes you should be ready for surprises. For those who are regretting that they haven't bought bitcoin, why not start now collecting some while it is seemingly in the bearish mode? Don't wait very long because once it starts recovering, you may have no chance of buying at the price you want. We have our own targets when it comes to crypto portfolio, so better make up your mind and don't just invest in new alts with high possibility of failure. But when it comes to bitcoin, it won't disappear or crash badly. If in case it will crash, we have high chance of recovering but project like Luna, I don't think they have chance of recovery.