Since the peak of the 2021 boom, cryptocurrencies have experienced a terrible comedown, dropping $2 trillion in value. The Fed's aggressive tightening, which has included raising interest rates in an effort to rein in inflation that has been shooting through the roof, is largely to blame for the current "crypto winter." The pressure on prices floored large crypto investors with heavily leveraged investments, such Three Arrows Capital, which accelerated the market's decline. Although we cannot predict the exact date or month when cryptocurrency will hit its lowest, it is currently very bearish, so traders might take this opportunity as well.