(BTC() Most major altcoins broke key support levels in order to begin the week on an unsteady note. The U.S. equity markets have been pulling down and the crypto markets appear to be following suit. Investors reduce their exposure to high-risk assetsDue to rising rates.

Arthur Hayes (ex-CEO at BitMEX’s derivatives giant BitMEX) stated that the Fed is tapering asset purchases and rates are moving higher, which could lead to a collapse in the equity markets. Hayes anticipates that the equity markets will experience a meltdown if this happens. Continued decline in crypto marketsBitcoin will drop to $30,000, Ether to fall to $30,000ETHBy June, this year, it will be $2,500