Over the last six months, crypto markets have been declining with their valuation falling from more than $3 trillion in November 2021 down to just $1.23 trillion by May 2022.

The fear of persistently rising inflation is the reason for concern Federal Reserve responds with hawkishnessIt was due to this that investors have been hesitant to invest in riskier assets. They also have their Increasing demand for safe havensDemand for top cryptos and U.S. equity has been impacted by the U.S. Dollar.