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.
I expect something big, something which benefits the Elon Musk more than anyone which can be something like Elon coin? Who can influence people and just get more benefits.
Anyway the rate hikes initially affect the investment sector it has long term benefits even it will eliminate the fiat as medium of exchange and people will more towards better like bitcoin.