The cryptocurrency market has been experiencing a significant decline in recent days, and the interesting thing is that technology stocks and gold are also falling simultaneously. In other words, cryptocurrencies no longer seem to be viewed as an independent asset class from traditional markets.

Bitcoin's beginning to show a positive correlation with the Nasdaq is the clearest indicator of this situation. Previously, cryptocurrencies generally moved in the opposite direction of traditional markets, but now they are moving in the same direction. This means that investors see crypto as a risk asset, and when overall market risk increases, they abandon all of them at the same time.

Looking at the meaning of 03:33, these hours typically represent the time period between the closing of Asian markets and the opening of European markets. During these hours, volatility often increases, and the crypto market responds more quickly during this period. The coordinated decline happening now indicates that markets are becoming more integrated.