The cryptocurrency market was relatively stable on June 16, with Bitcoin trading at $66,599 and some altcoins showing positive momentum. Despite recent turbulence post the Federal Reserve meeting, its impact may be short-lived. Optimism could return if leading inflation indicators improve, potentially attracting buyers back to the market. Benjamin Cowen, a cryptocurrency analyst, suggests that a significant altcoin bull run may not start until the Federal Reserve reduces interest rates. Historically, altcoins have performed better than Bitcoin following such rate cuts. Cowen advises caution for investors who missed buying opportunities in late 2022, noting analysts' limitations in predicting future market movements definitively.#altcoins
