📣 #PowellRemarks : Powell Hints at Rate Cuts, Crypto Reacts

💬 Market Reaction: After Fed Chair Jerome Powell’s latest speech, Bitcoin surged ~1.5% to around $61,900, while Ethereum jumped ~2.9% to roughly $2,685. Altcoins like Solana and Polkadot also saw notable gains cryptonews.com.au+15binance.com+15binance.com+15.

📉 Rate Cut Outlook: Powell hinted that rate cuts could begin as early as September. This shift boosted risk assets, with traders optimistic about increased liquidity flowing into crypto .

🔍 What This Means for Binance Users:

• Spot & Futures Trading – Expect more upward momentum, especially in BTC and ETH.

• Margin & Leverage – Gains in core assets may open margin opportunities, but volatility volatility could increase.

• Derivatives Volume – Boosted speculation on future Fed moves could drive heightened futures/option activity.

🧠 Summary: Powell’s transition from "stay the course" to opening the door for September cuts signals potential upside for crypto. Traders on Binance will want to watch for:

Continued rallies in major assets

Spike in futures volume

Increased margin activity

All tied to evolving Fed tone.