#PowellRemarks The cryptocurrency market, including Binance, has been significantly impacted by recent remarks made by Federal Reserve Chair Jerome Powell. 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 strength of the economy at the moment allows for careful decision-making, implying that interest rates may rise for longer than anticipated. The price of Bitcoin fluctuated following these remarks, briefly falling below $100,000. Over $850 million in positions were closed in the crypto futures markets as a result of this volatility. Investors and users of Binance are keeping a close eye on these developments because Powell's cautious stance on rate cuts may have an impact on the future market.