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To be honest, crypto is a rounding error compared to the movements we are observing in traditional markets. It has a very high psychological presence but its market cap is still essentially zero

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It trades 24/7 and moves very fast. It is a good way to check recent events.

There was a time (prior to the massive drops during the pandemic) that BTC almost always moved in the opposite direction from the stock market.

When the market was less diverse or not even a "perfect" market. Now you have ETFs where institutions and people can access BTC in a full US compliant way.

It is as good as wind direction. It is instead a finger on the pulse of the scamosohere. It will crash at 10 minutes past the next SBF saga. Until then it is influenced by Paolo Ardoino and Micheal Saylor, Texas Grid Subsidies and now maybe Donald Trumps bid for election.

Disclosure: am a coiner.

Yep, can add Australia to the list as well:

Live updates: ASX plummets more than 3pc in worst two-day performance since 2022 after recession fears spook Wall Street

https://www.abc.net.au/news/2024-08-05/asx-markets-business-...

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