FFR bounce, and what it means for crypto

Watching $FFR bounce today (currently 36.8818, up 1.28%) makes me wonder if the market's starting to price in a more hawkish Fed stance than many crypto maximalists want to admit. If rates stay elevated, that's a direct drag on risk assets, including $BTC. Not saying it's a certainty, but I'm certainly keeping a closer eye on bond yields and upcoming jobs data before making any big moves in altcoins, especially with oil still acting squirrely.