Crypto Crash with Minimal Macro Impact

Crypto’s $1T plunge sounds big, but the US macro hit is tiny on par with a typical 1d S&P 500 swing. While those concentrated in the assets will feel pain, the broader economy won't notice.

Crypto markets have been in focus following a roughly 25% drop in market cap from peak value, with Bitcoin now down 30% from peak and flat on the year.

When this sort of sharp market move happens ther…