Until Bitcoin and Ethereum ETFs were not approved, crypto was not even considered asset by the security commission of the US. These days people are trading crypto through ETFs in the stock market. Well, the crypto market and the stock market movements often align, even though they do not have any co-relation. When the stock market goes up or down, the crypto market tends to follow. That’s because markets move due to inflow and our flow of money and the movement is related to investor sentiment. The rule of demand and supply works in crypto as well as stock.