🗣️ #PowellRemarks: Hawkish Tone Sparks Volatility
Powell hinted that interest rates might stay elevated longer than anticipated—sending shockwaves through risk assets.
As a result, CryptoStocks like Circle (CRCL) surged around 34%, hitting new all-time highs amid speculation that crypto equities could outperform in a higher-rate landscape.
💥 Bullish momentum in crypto stocks tied to risk-on sentiment and profitable yield chase.
📉 Fed's tone may throttle traditional markets—but crypto is navigating this wave well.
🔍 Watch for next Powell speech: tone shift could trigger sharp moves across Binance Square feeds.