#PowellRemarks
Federal Reserve Chair Jerome Powell's recent remarks have significantly impacted the cryptocurrency market, including Binance. In a speech on April 16, 2025, Powell indicated that the Fed is not in a hurry to cut interest rates, citing persistent inflation concerns. He emphasized that the current economic strength allows for careful decision-making, suggesting that interest rates may remain elevated longer than anticipated.
Following these comments, Bitcoin's price experienced fluctuations, briefly dipping below $100,000. This volatility led to significant liquidations in crypto futures markets, with over $850 million in positions being closed. Binance users and investors are closely monitoring these developments, as Powell's cautious stance on rate cuts may influence future market trends.
