I think Crypto is really insulated from most major economic catalysts that affect the stock market. The crypto market just doesn't have the integration the stock market does where everyone is a market participant either directly or indirectly (retirement funds). Most crypto investors aren't basing their decisions off economics , market data and other indicators but rather perceived future value of the currency. 'Value' is probably not correct as we can't really work out an intrinsic value if something with no cash flow so perhaps adoption is a better word.