Cryptocurrency market sentiment is revisiting “fear” territory after the Federal Reserve telegraphed its intentions to raise interest rates and reduce the balance sheet faster. The revelations sent major crypto and altcoin prices tumbling below critical support levels, reversing recent bullish momentum. BTC Bear Run With a significant Federal Reserve rate hike just around the corner, according to the minutes from the Federal Reserve’s last Federal Open Market Committee (FOMC) meeting, investors have turned risk-averse, leading to more than a 7% dip in the value of Bitcoin (BTC). Since March 24, 2022, BTC has been able to sit atop the $43,000 mark.