Stocks, crypto market is somewhat correlation, it's like each one is trying to pull down each other. So if stocks are going up, does it mean that bitcoin will fall? You also have to take into account the next presidential election, it will have drastic effect to US stocks for sure. So I don't know which one is shocking here, we have seen this kind of movements in stocks or even in crypto, yes it could be wild, but no surprise though.
no, actually they are not correlated at all. and Stock market has never had any kind of effects on bitcoin market whatsoever in the past decade! recently for a couple of weeks some people tried so hard to create this kind of correlation but as we have seen from the past week and the rest of previous 10 years, while bitcoin is rising with a very strong momentum the Stock market (and a couple of other markets) are having a lot of troubles. we even saw a big dump in US Stock market this past week and with US election we may see more dumps in it too. meanwhile bitcoin keeps doing its own thing like always.