It does seem like Bitcoin has become a lot more correlated with the legacy financial markets than it used to be... and perhaps we'd have to concede that this is the "price" of mass adoption, to an extent.
I would submit that people — who largely behave like a flock of sheep — GIVE people like Jerome Powell (and Elon Musk, and others) too much power. They stop thinking for themselves... and instead fall into group think. Which is really a sad reflection on the world.
Closer to home, makes one wonder how many rushed out and started selling their Hive because it went from $1.50 to below 80 cents... without giving even a second thought to whether or not the underlying prospects of Hive actually changed over that period of time... which, of course, it didn't.
It is a strange world, in which we live!