Crypto, DOW, Gold Markets News 2/5/2017 ***Monday Massacre***

--Bitcoin ($BTC) is down ~70% from its December 17th ATH peak. The total marketcap of all cryptocurrencies is down ~61% from its peak, according to data from CoinMarketCap

--The DOW ($DJI) plunged 1,600 points at one point on Monday, a historical record: "easily the biggest point decline in history during a trading day." (1) It closed 4.6% down for the day. Fear is spreading to Asian markets, which are opening much lower. Is this the end of the "everything bubble"?

--Gold ($XAU) rose modestly during the Monday massacre, acting as a crisis-hedge and store of wealth

"Crypto is not the bubble, it's the pin."
The synchronicity of stock and crypto prices during this downturn shows that the two securities markets' prices may be correlated this cycle. This is against the common theory that crypto would act as a crisis-hedge, similar to gold. I believe Crypto's place on the global financial trading scene is as a new type of equities asset class-- trustless, permissionless, highly liquid blockchain-based tokenized assets. The trading aspect of crypto has many similarities to the current equities, options, commodities, and derivates markets. The Crypto market will be integrated into the greater financial system and reveal its own patterns and influence in the global economic system.

Sources:
(1): http://money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/index.html