In of the latest tweets, Vitalik Buterin compared the cryptocurrency market with the traditional one. He mentioned that cryptocurrency should have been as stocks, however, the result was completely different.
Mainly, the volatility has increased since mid-March when both the stock market and the cryptocurrency one collapsed. The S&P 500 index has lost 35% of its share when the pandemic started.
In terms of the cryptocurrency one, it also sharply went down. The creation of Vitalik Buterin (@VitalikButerin), Ethereum (ETH) decreased by 70% which confirms the direct correlation with the traditional market.