Take a look at this chart:
The big money guys on Wall Street have decided that crypto is "tech" and their proprietary desks trade it like tech.
With hindsight, when people saw the Wall Street carnage last Friday, they should have used the weekend to front-run them and sell before Wall Street got back to their desks on Monday - one of crypto's big advantages is that it trades on the weekend.
Sadly this Nasdaq correlation will continue till some big money fund realizes crypto is currency not tech.
