We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.
Sow hat Elon Musk have to do with this? Sorry but I see no connection at all mate, though it is effecting in the whole market because that rate is far high than what we expected , so best to take this into account of be affected forever.