The cryptocurrency market is experiencing a calm Sunday, with Bitcoin trading at $66,599 and some altcoins showing signs of recovery. Despite the recent Fed meeting shock, investors are hopeful that the low inflation data will continue, sparking buying activity. However, analyst Benjamin Cowen has a different view, predicting that the altcoin bull run won't fully materialize until the Federal Reserve lowers interest rates.

According to Cowen, history suggests that altcoins only outperform Bitcoin after the Fed lowers rates. He notes that many altcoins are currently declining, and the advance/decline index is falling. While some investors may be eager to jump back into the market, Cowen advises caution, suggesting that Bitcoin dominance may rise to 60% as it absorbs liquidity from the altcoin market.

In conclusion, the cryptocurrency market is in a state of flux, with investors monitoring trends and awaiting potential Fed rate cuts to spark an altcoin rally. While analysts like Cowen provide valuable insights, investors must remain cautious and consider multiple perspectives before making investment decisions. The market's future direction remains uncertain, and only time will tell if Cowen's predictions come to fruition.