"CRYPTO IS DIFFERENT, I don't need to worry about STOCKS!"

There is a meme among traders that discovered markets due to crypto that they have no use for the old stock market. That's just for Boomers after all!

Due to the low interest rate credit market cryptocurrency is interest rate sensitive. That is why on days like today the evidence is clear that hawkish/dovish interest rate speculation drives all risk assets; equities market and the cryptocurrency market.

Just look at price action.