Don't believe me?
Maybe you believe Willy Woo, a popular crypto analyst who has been active on Twitter for years.
Source: https://cointelegraph.com/news/bitcoin-may-lose-30k-price-level-if-stocks-tank-analysts-warn
There you have it. The DXY, which is the dollar index, is the main enemy of crypto regardless of what fundamentals crypto has going for it at the moment. As I wrote in my previous post, growth in the fundamentals like adoption by nation states and the integration of crypto with real world economic activities can and will change this in the future. I should add that sensitivity to the macro environment has increased with the introduction of large scale institutional investment in crypto.
Trade with caution.