You're looking at the universe through a microscope. You have the right perspective for the molecules you're examining. But the bigger picture here has been lost.
The fact that there's not a one-to-one exact correlation on one specific month or shorter timeframe means NOTHING.
The overall crypto market has grown from ZERO to almost a QUARTER TRILLION in less than ten years. You seem to have left this tiny little factoid out of the equation here.
Every single unit of fiat currency that goes into crypto means another one has to be created by central banks, bringing its value down further.
Fiat currencies always fail. Throughout history, 100% of them have failed. They have a proven track record of all-out failure every single time, period.
By default, then, crypto has better odds than fiat.
Is there speculation? Sure. Is there speculation in fiat currencies via FOREX? Yep. What about stocks, bonds, derivatives, real estate, precious metals....speculation there? You bet.
Search for "Business Insider bitcoin bubble John Mcafee" and read his article. He does a pretty decent job of explaining this whole paradigm shift.
I may be wrong, I may be right. What I'm trying to convey with the article is to simple be cautious. Cryptos are a new asset class that are still in the process of establishing themselves. We're in a period of transition across the globe, being cautious is extremely important.