Will monetary tightening lead to a positive outcome for cryptocurrencies?

As a keen observer of the financial markets, I'm curious to understand the potential impact of monetary tightening on cryptocurrencies. Given the volatile nature of the crypto market and its perceived decoupling from traditional financial systems, it begs the question: Will monetary tightening actually lead to a positive outcome for cryptocurrencies? Will investors seeking alternative assets turn to cryptos as a hedge against tighter monetary policy? Or will the reduction in liquidity and increased borrowing costs negatively affect the crypto market, leading to a decline in prices? It's a complex interplay of factors, and I'm eager to gain insights into how this may unfold.