Why Ending Quantitative Tightening Didn’t Boost Bitcoin

Despite hopes for a market turnaround fueled by positive developments such as the end of quantitative tightening, the US Federal Reserve’s announcement and agreements on trade with China, along with two rate cuts from the central bank, did not lead to a rally in Bitcoin. While some initial optimism materialized thanks to regulatory approvals for an altcoin staking ETF, investors reacted negatively, resulting in a drop in both Bitcoin prices and US stock market values. On-chain data indicated waning institutional demand amidst uncertainty over whether interest rate cuts would be imminent.