BNB Price Drops Below Key Support Level Following Fed Chair Powell's Crypto Market Comments

BNB cryptocurrency has broken below crucial support levels as the broader digital asset market responds to recent statements from Federal Reserve Chairman Jerome Powell. The Binance Coin decline mirrors wider crypto market movements triggered by the Fed's monetary policy indications. Current BNB price analysis shows increased selling pressure across major exchanges. Market sentiment toward altcoins remains cautious as traders assess the impact of regulatory developments and macroeconomic factors on cryptocurrency valuations.