Crypto is heating up today after news on comments by Jerome Powell, which are unexpectedly dovish-sounding. Powell cited softness in employment and suggested further rate cuts, and many are wondering whether the Bitcoin price might bounce back from recent weakness. At the same time, the BNB airdrop from Binance and Four Meme has sparked renewed excitement in the altcoin space, especially meme coins.
Powell pointed out that downside risks in the labor market are becoming more evident, and he hinted that the era of aggressive tightening could be over. This type of tone has historically tended to favor risk assets, such as cryptocurrencies. Immediately after his remarks, Bitcoin’s price jumped, gaining more than 1% in the last 24 hours.
BREAKING:
FED CHAIR POWELL JUST TURNED DOVISH.
HE ADMITS THE U.S. ECONOMY IS GROWING FASTER THAN EXPECTED.
THE FED IS RUNNING OUT OF REASONS TO TIGHTEN.
LIQUIDITY IS COMING BACK.
CRYPTO ABOUT TO FEED AGAIN.— Merlijn The Trader (@MerlijnTrader)
When Jerome Powell chooses a softer tone, markets often take notice, and crypto tends to lean in. While he didn’t give a definitive timeline, he emphasized that decisions will depend on incoming data. In other words, nothing is off the table, especially as things are going better.
Crypto reflects optimistic sentiment today, with climbing and altcoins showing strength, and most news headlines agree. reclaimed ground above $4,100, $4,200 right now when this article is being written. held firm, even amid shifting regulatory undercurrents. held modest gains. in particular is drawing attention because its ecosystem is riding the momentum of Powell’s signals.
BNB is such a sleeper. People forget that it had a big season in 2021.
DISCOVER:
On top of that, Binance and Four Meme launched a hefty BNB airdrop, $45 million distributed across more than 160,000 wallets affected by . People are expecting that the average wallet got about $281 in BNB, sent via Binance Wallet and partner tools on BNB Chain. However, some are reportedly getting as much as 3 BNB, which is injecting fresh liquidity into the ecosystem.
BNB Chain and Four Meme Launch a $45M Reload Airdrop with Ecosystem Partners
Recent market conditions have created turbulence across the broader crypto landscape, yet the BNB community continues to build, create and stay engaged through it all. That spirit of resilience is what…
— BNB Chain (@BNBCHAIN)
The BNB airdrop has quickly become a flashpoint in major crypto news today. Meme traders are resurfacing, activity is spiking on DEXs like PancakeSwap, and BNB is leading altcoin recovery.
If Powell truly leans dovish, crypto could be in for a strong rally ahead. Bitcoin price might set sights on $120,000. BNB, Ethereum, Solana, and XRP are all standing bullish. Just be ready, summer is coming!
DISCOVER:
Solana is fighting for its life right now, with SOL USD clinging to $200 after reclaiming the key level just yesterday, only to see an overnight scare that sent it dropping back to $203. Traders are now looking for the best new crypto presale to buy, should SOL break out.
It has since surged back above $205 with a +5% surge today, but until SOL is trading cleanly back above $210, things will continue to look precarious for Solana investors.
The ongoing trade tensions between the US and China are causing fear in the market and ongoing bearish price action since last Friday’s flash crash is particularly affecting SOL USD as it struggles to stay above $200.
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Last Friday’s flash crash was a shock event that will go down in history as one of the biggest Black Swans crypto has ever seen, comparable to the COVID crash and the FTX collapse. Bitcoin dropped from over $120,000 to below $110,000, wiping out nearly $20Bn in leveraged trades and dragging everything down with it, with XRP USD hit especially hard.
Since then, there has been an uninspiring revival as reclaimed the $116,000 level, only to quickly lose it, as it is already back down at $112,400. XRP is facing significant challenges due to market uncertainty, and dropped from $2.9 to $2.3 at the lows of Friday’s crash.
While there was some positive momentum to begin the week, with XRP briefly reclaiming $2.65, renewed selling pressure has emerged. As a result, traders are reconsidering their price predictions for XRP USD in the coming weeks.
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What just happened to the FET price? Traders woke up to another shock in the AI crypto sector, as Fetch.ai’s FET token, now part of the Artificial Superintelligence Alliance (ASI), collapsed from $0.37 to $0.3, marking one of its sharpest drops since the crash on October 10, 2025.
The decline follows Ocean Protocol’s sudden exit from the alliance on October 9, 2025, shaking investor confidence in the decentralised AI merger between Fetch.ai, SingularityNET, and Ocean. Combined with broader market liquidations and the rise of Bittensor (TAO), investors are questioning whether the ASI vision can survive, or if TAO is becoming the new AI king.
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