The world of cryptocurrencies, Bitcoin in particular, is no different from the financial sector or the rest of the stock market. When a big new project, such as artificial intelligence or new healthcare breakthroughs, makes it to the media headlines, there will be a few months or even years when the stocks involved with these hot issues trade as if in a world of their own.
However, as their market capitalization, popularity, and adoption rates with customers and investors rise, these issues become part of the broader market environment, the bit machine, so to speak. This is what is currently happening in Bitcoin: a massive transition from being a standalone asset class and instrument to now being affected by trends in other asset classes like bonds and commodities, not just in the United States.
