From 2009-2016, $BTC, #ETH, $XRP and crypto moved independently, often inverse of stocks.

In 2016-17, gamblers and chart clowns invaded crypto. They didn’t understand it, so they slapped stock metrics like "market cap" on it.

If enough people treat crypto like stocks, the asset starts behaving like stocks. Closed feedback loop.

But now? Crypto’s seems to be waking back up and moving independently again.