and look at the short altcoins boom, and also because people are running away from stocks right now!! this is a good sign that the sec will approve the ETF and bakkt will be launched, to drive BTC to a massive ATH.
I don't think that there's a correlation between the two market though.
Well I have the same theory specially when Bakkt postponed its offering for next year. I'm have the idea that they're just laying out the some ground work before finally going live in 2019 and by that time, perhaps the overall sentiments of the market is quite different, but who knows.
it's no coincidence that this stock market crash lines up perfectly with the last deadline for ETF, it's a heavily manipulated market!
What happened back then is people is waiting for the news before pouring their money on the market, However, SEC also delayed their decision next year, causing the bear market to continue up to this point. I can only speculate that if SEC did approved it in the prior months, the price could have been higher that 5 digits before the end of the year.