![[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?](https://cimg.co/wp-content/uploads/2024/02/26205235/btc.svg "[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?")
The crypto market noticed one other tense session on Wednesday as Bitcoin briefly dumped to $115,000 earlier than recovering hours later again to the important thing $118K assist stage: a battle that’s been happening for days now. Merchants are watching intently as BTC holds this stage with its tooth, regardless of rising macro stress. Whereas the broader market confirmed fatigue, the query now could be: what’s the most effective crypto to purchase on this atmosphere?
The Federal Reserve introduced Wednesday that it might not minimize rates of interest for July, holding regular between 4.15% and 4.25%. The choice got here regardless of public stress from the Trump administration, which has been calling for a 0.25% fee minimize to guard financial progress amid rising tariffs. Fed Chair Jerome Powell pushed again, citing inflation dangers and the financial uncertainty attributable to Trump’s tariff plans.
.@FederalReserve Chair Jerome Powell: "Right this moment the Federal Open Market Committee determined to depart our coverage rate of interest unchanged." pic.twitter.com/FnLmx3NOMn
— CSPAN (@cspan) July 30, 2025
EXPLORE: Finest New Cryptocurrencies to Spend money on 2025
BONK and USELESS: Nonetheless the Finest Crypto to Purchase in a Drained Market?
Meme coin BONK misplaced its key assist at $0.0000328 simply days in the past and dropped over 20% to retest the decrease stage round $0.000026. However now it’s bouncing, buying and selling close to $0.0000287. If it reclaims $0.0000328, bulls would possibly get again in cost. Essentially, Bonk’s rising ecosystem offers it an edge: LetBonk, its personal launchpad, has outcompeted Pump.Enjoyable in simply weeks. Over 80% of graduated meme tokens at the moment are born on Bonk’s launchpad, which suggests extra income charges feeding again into BONK itself.
One other identify bouncing again? USELESS coin. After a 38% dip from its $408 million ATH, it’s again on the radar. The coin — half satire, half meme-fuel — has been embraced by degens searching for the following Fartcoin. And let’s be sincere: if Fartcoin hit $2.6 billion, why not USELESS? It’s uncooked, ironic, and performs instantly into the no-utility meme meta. No staking, no claims, simply pure community-driven chaos. For some, that’s precisely the purpose.
NFT Gross sales Surge 47% in July as Ethereum Rallies — Is the OpenSea Airdrop Behind the Spike?
NFT gross sales soared to $583 million, marking the second-highest month-to-month complete of 2025. This represents a 47.6% leap from June’s $388.9 million, pushed by rising ETH costs and a shift towards high-value belongings. Ethereum-based collections led the cost, accounting for $275.6 million in quantity, up 56% month-over-month.
Whereas transaction counts dropped by 9%, the common sale worth climbed to $113, the very best in six months, as patrons consolidated round premium NFTs. Some in the neighborhood speculate the surge could also be tied to anticipation of an upcoming OpenSea airdrop. Adam Hollander, an OpenSea’s CMO, just lately hinted that previous exercise and person profiles (e.g., OGs vs. newcomers) might issue into distribution.
In the meantime, platforms like Blur and LooksRare proceed to lose floor, and the NFT lending market has cratered 97% from 2024 highs. Regardless of fewer patrons, bullish sentiment stays robust with NFT market cap hitting $8 billion.
SharpLink Buys 11,259 ETH for $43M, Now Holds $1.73B in Ethereum
In accordance with on-chain tracker Lookonchain, SharpLink (@SharpLinkGaming) simply spent 43.09 million USDC to buy 11,259 ETH at a median worth of $3,828.
This brings SharpLink’s complete Ethereum holdings to 449,276 ETH, at present valued at round $1.73 billion. The sizable purchase underscores rising institutional confidence in Ethereum, as ETH trades close to key resistance.
With this transfer, SharpLink strengthens its place as one of many largest ETH holders, persevering with a development of strategic accumulation amid broader market volatility. Lookonchain flagged the transaction as half of a bigger sample of whale exercise this week.
What’s Subsequent for Quant (QNT) Crypto? Down 10% in a Week
Quant (QNT) crypto is down over 10% within the final seven days. Regardless of beginning the month robust, and going from 103 to over 134. This over 30% pump occurred after introducing Quant Fusion, which is the first-ever 2.5-layer.
Now this complete transfer up nearly acquired worn out, and the coin is at present at 118 with a market cap of over 1.7B.
Impartial Technicals: Can They Shift?
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