Rate cut is now pretty much confirmed

With the CPI numbers coming in strong, it seems like a rate cut is pretty much guaranteed. Personally, I'm thinking this could be what we need to turn around the current crypto slump. Normally, when the Fed slashes rates, the dollar takes a hit and liquidity flows more freely, which is a good sign for Bitcoin and altcoins. Just keep in mind that the rebound might not be immediate; we might have to wait a bit before seeing those solid gains.

Why are we connecting the crypto market so much with fed rate cut activities as if the cryptocurrency market depends on the US rate for it survival and even though rate cut may have so influence on the current market, it will still not be able to hold the market down for so long before we see price break out for the crypto market.