There is a very dramatic situation for the crypto world right now.

Since the October FOMC meeting, the US stock market has been declining, dragging down cryptocurrencies as well.

However, the US stock market has recovered and is close to historical highs (S&P down by 1.6%, Nasdaq down by 4.5%).

Looking at Bitcoin, it has dropped from 12.6 and is around 90,000, which is roughly the same as not rising (Bitcoin down by 41%).

If the US stock market continues to rally, it might be better; but if there is another small pullback, will cryptocurrencies survive?