Is crypto still a store of value?

Recent moves in Bitcoin mirror moves in the stock market. As the stock market goes down, Bitcoin is going down right along with it. If Bitcoin is a hedge, it should be going up as stocks go down. At the same time, gold is going up as it tends to do when stocks go down. Many have said Bitcoin is like digital gold, but it isn’t currently acting like gold.

This begs the question. Is bitcoin still a store of value or a hedge against falling stocks or has it become a mirror of the economy as a whole?