I noted interesting points concerning the idea in the post.
1. The US market has bounced today as has the crypto market. This seems hard to see as a coincidence. There are the same correlations between spending, investing and global economics with crypto and traditional stocks.
I think there's definitely some relationship but it also happened to be somewhat of a coincidence at the same time. I think the expectation of higher interest rates would have contributed to the fall in crypto prices but the main reason for the turnaround was the news coming out of the US that a 'do no harm' approach will be taken.
2. The crypto economy has shown me once again why it is better than traditional stock market. In New Zealand there was a public holiday yesterday and most people had Monday off too. So the NZX was closed for the period of the big US sell off. There was no change in prices because nothing moved, and there was a lot of chat about a big dip when it finally hit. Crypto on the other hand is global, and does not take days off. Everything happens in real time and you cant anticipate market movements based on others simply because yours is closed at the time.
I wouldn't necessarily say that is an advantage, the way the stock market work allows people to escape and have a life outside of that. As many of us in crypto can attest to it can be really hard to escape from your computer screen for too long as you don't want to miss anything.
Why do you see it as being an advantage for crypto that the market never sleeps?