Yeah because the fed is hiking rates due to crypto causing inflation? Or it was crypto that was used for extreme QE? Or was it crypto that caused companies to inflate their stock values via buybacks?
Not to mention crypto marketcap and volume is a drop in the bucket compared to securities.
The point being, regardless of whether or not the crypto marketcap is a lie or not, is that it pales in comparison to the marketcap of securities. Meaning, the crypto market has little to no weight in influencing traditional markets.
I doubt crypto is the driver. Seems more likely that institutional investors are pulling out of cryptos as inflation spikes. So crypto crash is an effect, not a cause.
