Not really any sort of pattern analysis to show. Last time this happened was last year in March and BTC absolutely tanked with the stock market. Media is pushing the EXACT same narrative/explanation from the last time right now so it's something important to consider in your trading plans for this week.
As far as why stock market effects crypto...A lot of people will give you different reasons. Probably some truth to them all. Mainly I think it's just exposure as the two (stocks and crypto) have become somewhat intertwined on the retail end (robinhood like apps) and now also on the institutional end. Actual correlation is irrelevant due to the stock market being a macro mover of all things financial.
Hopefully it's not time for a 'reset' just yet...
As far as why stock market effects crypto...A lot of people will give you different reasons. Probably some truth to them all. Mainly I think it's just exposure as the two (stocks and crypto) have become somewhat intertwined on the retail end (robinhood like apps) and now also on the institutional end. Actual correlation is irrelevant due to the stock market being a macro mover of all things financial.
Hopefully it's not time for a 'reset' just yet...