![[LIVE] July 31 Crypto asset Updates – BTC Stays at $118K as Powell Maintains Rates Amid Trump’s Influence: Top Cryptos to Invest in Now?](https://i2.wp.com/99bitcoins.com/wp-content/uploads/2025/07/IMG_0812-300x203.png?w=770&resize=770,470&ssl=1 "[LIVE] July 31 Crypto asset Updates – BTC Stays at $118K as Powell Maintains Rates Amid Trump’s Influence: Top Cryptos to Invest in Now?")
[LIVE] July 31 Crypto asset Updates – BTC Stays at $118K as Powell Maintains Rates Amid Trump’s Influence: Top Cryptos to Invest in Now?
The cryptocurrency trading market encountered another fraught session on Wednesday as BTC momentarily plummeted to $115,000 before regaining its footing hours later at the crucial $118K base level level: an ongoing struggle for several days. Traders are observing closely as BTC clings to this level tenaciously, all while facing mounting macroeconomic pressures. Although the overall crypto market displayed signs of exhaustion, the pressing question is: which digital currency is the most advisable to purchase in this climate?
The Federal Reserve revealed on Wednesday that it will maintain interest rates in July, holding steady in the range of 4.15% to 4.25%. This decision was made despite public calls from the Trump administration for a 0.25% reduction to safeguard economic growth against escalating tariffs. Fed Chair Jerome Powell countered, citing inflation risks and the economic uncertainty stemming from Trump’s tariff strategies.
.@FederalReserve Chair Jerome Powell: “Today the Federal Open Crypto market Committee decided to leave our policy interest rate unchanged.” pic.twitter.com/FnLmx3NOMn
— CSPAN (@cspan) July 30, 2025
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BONK and USELESS: Are They Still the Top Cryptos to Purchase in a Weary Crypto market?
Meme token BONK lost its critical support at $0.0000328 just days ago, falling over 20% to revisit the lower level around $0.000026. However, it’s currently rebounding, trading close to $0.0000287. Should it reclaim $0.0000328, bulls might regain control. On a fundamental level, Bonk’s expanding ecosystem offers an advantage: LetBonk, its dedicated launchpad, has outperformed Bull run.Fun in mere weeks. Over 80% of the meme tokens that have graduated are now launched on Bonk’s protocol, which translates into increased revenue fees flowing back into BONK itself.
Another asset making a comeback? USELESS coin. After a 38% plunge from its $408 million all-time high, it’s once again gaining attention. The coin—half satire, half meme-driven—has captured the interest of degens in search of the next Fartcoin. And let’s face it: if Fartcoin reached a valuation of $2.6 billion, why wouldn’t USELESS? It’s raw, ironic, and taps directly into the no-utility meme trend. No staking, no claims, just pure community-driven anarchy. For some, that’s the essence of the appeal.
What Lies Ahead for Quant (QNT) Crypto? Down 10% This Week
Quant (QNT) cryptocurrency has declined over 10% in the past week. Even though it started the month on a positive trajectory, increasing from 103 to over 134, this more than 30% surge followed the introduction of Quant Fusion, the first-ever 2.5-layer.
Now, this entire breakout has nearly been erased, and the token presently sits at 118 with a crypto market cap exceeding 1.7 billion.
Neutral Technical Indicators: Can They Change?
The article [LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now? first appeared on 99Bitcoins.
