I think correlation goes the other way. Fluctuations and crisis in other markets seem imminent, and we really haven't seen much of it yet. This will also further effect crypto. Maybe they can be pushed away for a bit again, but eventually there is actual correction, not going back a year...
Thats not what is happening
It's not entirely unrelated that the Dow is down by 8% over the last month and many tech stocks dropped by that much in only a few days after Q1 earnings reports