I’m fairly ignorant of this stuff, but I was expecting that there would be a crypto-crash at some point, that would set off a general sell-off. Was hoping that it would occur sooner rather than later, when it would be much more damaging. So that’s what I think happened. This is still “sooner” in my book.
I’ve heard that theory all day and I just don’t get it. The crypto market is not that large...it’s a small tail wagging a huge dog.
Sure, I bet there are a few folks hurting in the crypto world. But hardly anyone would be hurt so bad as to affect the NYSE.