Fed Rate Cut Fails to Boost Struggling Crypto Market

The crypto market is currently facing challenges in maintaining stability despite positive macroeconomic developments:

The US Federal Reserve announced a 25-basis-point rate cut and ended Quantitative Tightening (QT).
There was a de-escalation in US-China trade tensions.
An altcoin staking ETF was approved.

Despite these events, the crypto market has not rebounded, concluding its first negative Uptober in seven years. Key reasons for this downtrend include:

Liquidity Issues: Halting QT did not introduce new liquidity into the economy. The market needs sustained inflows of new funds, possibly through QE or Treasury action, which are unlikely soon.
Investor Sentiment: Cautious behavior from retail and institutional investors, preferring to wait out the uncertainty.
Market Liquidations: Recent liquidations total $1.33 billion, affecting major coins like BTC, ETH, DOGE, and XRP.
Macroeconomic and Geopolitical Factors: Persistent issues prevent positive sentiment from triggering a market rally.