Absolutely, the ongoing correction in Bitcoin price appears to be direct response  to recent statement of FED regarding the potential for future interest rates hikes. However, this correction is likely to be short lived and doesn't reflect that market definitive shift towards sustained bearish sentiment. Although we can not predict anything with certainty when it comes to Bitcoin price, but most likely the extended bear phase commenced in the 1st quarter of 2021 is already reached a point of saturation. Hopefully the floor price reached around $15,000 during that period will not be revisited.