The cryptocurrency markets have registered an alarming drop after Federal Reserve officials reignited concerns about inflation. The Fed's hawkish tone soured market sentiment, with markets dropping across the board. Bitcoin (BTC) fell below $100,000 early on Friday, falling to a low of $98,138. It briefly reclaimed the $100,000 mark but fell to a low of $96,351. BTC is down over 6% in the past 24 hours, trading around $97,311.