Is This a Product of the Fed Raising Rates?

The big questions been lingering in my mind over the last two monthss, i think we could argue that this d leverging in the bitcoin, in overarching crypto space, started with the terra luna blow up. And is this a product of the fed raising rates? And what we're seeing in the crypto space is those particular tokens and dfy schemes are what many would consider extremely far out on the risk curve. So ye, i guess that's whate are.