Crypto markets experienced a modest recovery on Monday, October 20, as the total market cap increased by 2%. This uptick followed comments from Fed Chair Jerome Powell suggesting a potential end to the Federal Reserve's quantitative tightening program. Bitcoin (BTC) rose nearly 3% to $111,500, while XRP increased over 3% to $2.47. Ethereum (ETH) also saw gains, climbing 1.4% to $4,035. Among the top performers were Zcash (ZEC) and Chainlink (LINK), which surged over 16% and 8%, respectively. However, Ethena’s ENA and Bitfinex’s LEO token experienced declines of about 5%. Despite a $20 billion market wipeout earlier in the month, analysts at Coinbase Institutional remain cautiously optimistic for the fourth quarter. In the past 24 hours, over $434.9 million in leveraged positions were liquidated, with ETH and BTC leading the losses. Spot ETH and Bitcoin ETFs recorded significant outflows. The Fed is anticipated to cut rates by 25 basis points at its upcoming meeting on October 28-29.