Within the linear viscoelastic theory, crack tip fields are calculated at various crack tip velocities. A transition from rubbery to glassy material behavior in the vicinity of the crack tip can be observed. Shear and bulk behavior is analyzed separately. Whereas the increase of tearing energy at higher crack tip velocities can be ascribed to the shear behavior, bulk behavior influences the fracture mechanism. The results support experimental investigations that the instability separating stable from unstable crack propagation is related to a change in the fracture mechanism. At low crack tip velocities, material separation is the result of formation, growth, and coalescence of cavities. At high crack tip velocities, cavitation is suppressed and fracture is driven by a rather brittle mechanism resulting in a decreased amount of energy to propagate the fracture process zone.