Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
Indeed, Bitcoin and alts markets are highly volatile, and In firmly believe that this volatility is the beauty and leading feature of cryptocurrencies landscape, as it is offering opportunities for investors to participate in crypto space for investors across various financial capacities to engage in the cryptocurrencies pace.
Regrading, correlation between Bitcoin and stock market it has been noted that stock market tends to influence the cryptocurrencies market, not the other way around.