According to Cointelegraph, analysts say the market for counterfeit products has barely reacted after Federal Reserve Chairperson Jerome Powell expressed doubts about the possibility of further rate cuts this year. The crypto market may have bottomed out.
Crypto analyst Matthew Hyland said on Feb. 11 that the crypto market received the worst news of 2025 today, but there was little sell-off in counterfeit products, with some even rising. The market may have priced in the expectation that the Federal Reserve will keep interest rates on hold in 2025. Since there was no "massive sell-off", there is a good chance that "the bottom has been reached".
Analyst: Powell said the Fed does not need to rush to cut interest rates, did not trigger a large-scale sell-off of counterfeit products, or indicate that the market has bottomed out
2025-02-12 04:09:52
Cointelegraph reports analysts analyst representation Wachovia Reserve Chairperson Powell this yeardesk3cryptocurrencydesktopCrypto News
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