Is there really a connection between the cryptocurrency market and the Forex market?

[darexgeorgieviya04]

In my opinion, no, and I have come to this brief conclusion after a couple of years of dedicating myself fully to trading in different markets, and while it is true that each of them has its own peculiarity, the crypto market is still more markedly different from the others.

At least according to what I have observed, the crypto market seems to behave in an absolutely abnormal way compared to institutional markets such as the stock market or the forex market. And that is why it is so difficult to predict with a certain degree of certainty the future performance of cryptocurrencies.

Especially I have noticed the great susceptibility of the crypto market to overreaction in the face of the rumors that continually spread in cryptospace, which denotes the high degree of immaturity of this market, so dependent on the emotional aspect of investors.

And that is why, undoubtedly, any attempt to use the old indicators of technical and fundamental analysis seem absolutely useless when analyzing the crypto market.

What is your opinion? You have also tried to introduce yourself to the crypto market?