The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.
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.
While yes bitcoin 100% controls the crypto market. If bitcoin is billing so is everything else and vice versa. But the stock market or gold or bonds etc are not predicated on crypto markets...yet. it might have been a coincidence but don't think that if bitcoin goes into a hyper bull so will the stock market. Don't over think it. Bitcoin runs crypto markets and that's it for now.