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.
We may remember the past and how it happen but never I think were turning like that again.
We can't deny the fact that although there are so many good things happening around at this present time, there are still worse scenarios that are accompanied with.
We could say that Elon Musk is a very rich person and really has an influence on the market but this was not enough to move Dogecoin and even Bitcoin away from the current situation. Certainly, it dumps for many reasons and Elon Musk is out of it.