Does crypto follow the stock market?

The question that arises in many investors' minds is: Does crypto follow the stock market? This inquiry speaks to the correlation, if any, between the volatile world of cryptocurrencies and the more established realm of traditional stocks. Some believe that as major stock indices fluctuate, so do cryptocurrencies, reflecting a general sentiment of risk or opportunity in the global financial markets. However, others argue that crypto is a separate asset class, driven primarily by its own unique factors such as blockchain technology, network adoption, and supply and demand dynamics. Therefore, does crypto follow the stock market, or does it chart its own independent path? The answer to this question may hold significant implications for investors' portfolios and risk management strategies.