The cryptocurrency market is continuing to rebound after a shaky day yesterday. Coincidentally, the Dow Jones plunged a total of 1,100 points yesterday, around 4.6%, which is the lowest since the European debt crisis back in 2011. The stock market corrected itself from yesterday’s downfall, is there a correlation between the two? I really don’t think so.

The cryptocurrency market crash plummeted yesterday, due to the Chinese government implementing a regulation completely banning its citizens from viewing cryptocurrency websites, via a government-ran firewall. Many analysts are stating that yesterday’s drop was due to rising inflation and the usual market correction. This shows that there is absolutely no correlation between the drop of the two markets.

Back in 2008, the original cryptocurrency, Bitcoin (available on Coinbase) (BTC), and its blockchain were born. It was due to the housing financial crisis, where the banks (due to greed) crashed the entire stock market. Satoshi Nakamoto, the Alias, and originator of Bitcoin (available on Coinbase) envisioned a decentralized digital currency that isn’t controlled by a singular entity – this was Bitcoin (available on Coinbase)’s original promise.