Binance CEO: Market Turbulence Is Tactical Retreat, Core Crypto Drivers Remain Strong

Binance CEO Richard Teng shared his perspective on recent market volatility on X (formerly Twitter). He believes this turbulence should be interpreted as a strategic adjustment rather than a fundamental shift. According to Teng, price fluctuations often dominate investor perceptions, but the underlying forces driving crypto’s growth remain robust. 🎯 He highlights continued institutional investment interest, steady ETF inflows, and the consistent filing of new applications. Binance is also experiencing consistent user growth. 👍 On the other hand, Teng attributes the recent dip to the Fed signaling a cautious approach towards rate cuts. However, if inflation trends downward or the job market weakens, the Fed could shift its stance quickly.