Analyst: The counterfeit coin market has hardly reacted to Powell's statement that the Federal Reserve does not need to rush to cut interest rates, which may indicate that the market has bottomed out

Analysts said that the altcoin market hardly reacted after Federal Reserve Chairman Powell expressed doubt about further interest rate cuts this year. The crypto market may have bottomed out. Crypto analyst Matthew Hyland stated on February 11th that the crypto market received the worst news for 2025 today, but there was almost no sell-off in altcoins, and some even rose. The market may have already digested expectations that the Fed will keep interest rates unchanged in 2025. Since there has been no large-scale sell-off, it is very likely to have reached its bottom.