I’m actually checking to be sure if I should entirely agree with your opinion, especially the one that says that the cryptocurrency market depends TOO MUCH on the economic situation. I find that hard to believe because I know for a fact that it depends mostly on the supply and demand; The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes up.

For example, if there’s a drought, the price of grain and produce increases if demand doesn’t change.
The supply of a cryptocurrency depends on how many new coins are being mined and how many current owners want to sell their coins.