Some other people seem to think that the market is crashing because crypto.

What happened to good old fundamentals... earnings and rates? Sigh.

AFAIK crypto is following the regular markets. As a crypto fanboy I do not see a problem on the crypto territory.

Other than Luna perhaps, which shook the trust in stablecoins. If crypto market didn't go down significantly, Luna would have still been probably up and stable.

But one might also argue that what happened to Luna now might have prevented a catastrophe MUCH bigger in the future though.