Analyst: Powell's statement that the Fed does not need to rush to cut interest rates did not trigger a large-scale sell-off of altcoins, indicating that the market may have bottomed out.

BlockBeats News, February 12th, according to Cointelegraph, analysts say that after Federal Reserve Chairman Powell expressed doubts about the possibility of further interest rate cuts this year, the altcoin market has hardly reacted. The cryptocurrency market may have already bottomed out.

Cryptocurrency analyst Matthew Hyland stated on February 11th that the cryptocurrency market received the worst news of 2025 today, but altcoins hardly saw any sell-off, with some even rising. The market may have already digested the expectation that the Federal Reserve will keep interest rates unchanged in 2025. Due to the absence of a "large-scale sell-off," there is a high probability that it has "reached the bottom."

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