Analysis: The cryptocurrency market showed resilience after Powell announced that there is no rush to cut interest rates, which may indicate that the market has bottomed out

ChainCatcher news, according to Cointelegraph, Federal Reserve Chairman Powell stated on February 11 during a Senate Banking Committee meeting that "there is no need to rush to adjust" interest rates, but the cryptocurrency market has shown strong resilience.

Cryptocurrency analyst Matthew Hyland noted that although this is "the worst news for the crypto market in 2025," the market reacted calmly, with some tokens even experiencing gains, which may indicate that the market has already priced in the expectation of the Federal Reserve maintaining high interest rates.