Did you notice that severe dip in the Dow back on April 8th inke, it took BC all the way down to $74k, both bottoms within a day of each other of course. "US stock market futures fall" Was the news a few hours ago but the index continues to trade sideways, as does the crypto. I'd be very wary of the stock market if I was a crypto hodler right now, it's poised for a huge selloff, the tariffs being the trigger nominally but it'll really just be a normal repricing, the eradication of all the BS gains since Obama went money printing.
Sadly it will take trillions of pension dollars with it, all money that people like Musk have already milked from their corporations. That's how the system works though hey. But the crypto (if you look at the price chart) is due for it's big cyclical selloff anyway. Do you have any predictions on how low BC will go this time around? 10k, 20k? We're really in uncharted waters hey, there is no reason it won't exceed the last lows, that pattern could be broken by the super-cycle low (1933).

Why is BC linked to the stock markets?
A few reasons, not definitive.
$this->bbcode_second_pass_quote('', 'B')itcoin futures ETFs have been around for a while, these ETFs do not hold any bitcoin and only hold futures contracts based on the future price of bitcoin. This makes them potentially even more volatile than bitcoin itself.
Bitcoin mining stocks. Bitcoin mining is a real business in which companies own and operate large data centers used for mining bitcoin. Some of these companies are publicly traded, allowing you to invest in the operation of mining bitcoin and the profit mining companies make in the process.
Then you have entities like microstrategy which hodls as a part of it's corporate aims.