My question is why isn't crypto rising in price if inflation on major Fiat currencies have soared like crazy? Am I missing something here? It's a shame since Bitcoin was long hailed to be a safe-haven asset like Gold. Your input will be greatly appreciated. Thank you.

Interest rates play an important role today. and crypto in the bearish trend cycle. so This is the answer for your question. To suppress inflation, the Fed increased interest rates gradually starting last month. at the same time the crypto market is in a bear trend, so people are more interested in investing elsewhere than buying crypto which is clearly down.