Yeah because the fed is hiking rates due to crypto causing inflation? Or it was crypto that was used for extreme QE? Or was it crypto that caused companies to inflate their stock values via buybacks?

Not to mention crypto marketcap and volume is a drop in the bucket compared to securities.

Crypto marketcap is a huge lie.

The point being, regardless of whether or not the crypto marketcap is a lie or not, is that it pales in comparison to the marketcap of securities. Meaning, the crypto market has little to no weight in influencing traditional markets.

The market isn't down because of crypto.

I like to quote Reggie Watts, from his TED talk:

“What can you do when the entire economy is based on lies?”

Such an uncomfortable chuckle from the crowd!

You might have cause and effect mixed up there.

I doubt crypto is the driver. Seems more likely that institutional investors are pulling out of cryptos as inflation spikes. So crypto crash is an effect, not a cause.