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.
Whatever the trend of the market right now, Elon Musk may be a great influencer but could do nothing about this. He's only good for hypes but still leave the market inevitably down after that. And with the market's condition right now, i don't think Elon can still save his dogecoin from dropping its own value. Except for bitcoin, because no matter how it drops its price, its still going to recover on their own.