Digital Currency Group CEO Barry Silbert said Sunday on social media that the direction of the cryptocurrency market will be determined by the stock market in the near future. What Happened: “Where the crypto market goes from here is completely dependent on the stock market over the next couple weeks,” Silbert tweeted. On Sunday, major cryptocurrencies plummeted after Huobi, a major cryptocurrency exchange, said it had “scaled back or suspended some of its services and products in certain countries and has stopped its miner hosting services in mainland China." Silbert termed the recent cryptocurrency meltdown “healthy.” Lot of crypto traders just became long term investors. This is healthy