The cryptocurrency market saw another tense session on Wednesday while Bitcoin was briefly downloaded to $ 115,000 before recovering hours after the key support level of $ 118k: a battle that has been underway for days now. The traders are observing closely while BTC holds this level with the teeth, despite the increase in macro pressure. While the largest market showed fatigue, the question is now: what is the best cryptocurrency to buy in this environment?
The Federal Reserve announced on Wednesday that it would not have reduced interest rates for July, with a detention between 4.15% and 4.25%. The decision arrived despite the public pressure of the Trump administration, which asked for a rate of 0.25% to protect economic growth in the middle of the increases. Fed President Jerome Powell rejected, citing the risks of inflation and economic uncertainty caused by Trump’s tariff plans.
.@Federalresserve President Jerome Powell: "Today the Open Market Federal Committee has decided to leave our political interest rate unchanged." pic.twitter.com/fnlmx3nomn
– cspan (@cspan) July 30, 2025
Explore: best new cryptocurrencies to invest in 2025
Bonk and useless: still the best cryptocurrency to buy in a tired market?
Meme Coin Bonk has lost its key support at $ 0.0000328 a few days ago and has lost more than 20% to repeat the test of the level of about $ 0.000026. But now he is bouncing, exchanging close to $ 0.0000287. If you recover $ 0.0000328, the bulls could return to the command. Basically, Bonk’s growing ecosystem gives him an advantage: Letbonk, his launchpad, has a pump on outcomped. In a few weeks. Over 80% of the graduated meme tokens are born on the launch of Bonk, which means more revenue taxes that portray themselves to Bonk himself.
Another name that bounces back? Useless coin. After a 38% dip from his $ 408 million, he returned to the radar. The coin-tender Satira, half of meme-memes was embraced by Degens in search of the next Fartcoin. And we are honest: if Fartcoin has reached $ 2.6 billion, why not useless? It is raw, ironic and plays directly in the meme of non -usefulness. No pitches, no statement, only a pure chaos led by the community. For some, this is exactly the point.
What is the next Crypto (QNT)? Down 10% in a week
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Quantum cryptovature (QNT) has fallen by more than 10% in the last seven days. Although he started the strong month and goes from 103 to over 134. This pump over 30% took place after introducing quantum fusion, which is the first layer of 2.5 ever.
Now the entire passage has almost been swept away and the coin is currently 118 with a market capitalization of over 1.7b.
Neutral technicians: can they change?
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The post [LIVE] 31 July updates Crypto – Bitcoin holds $ 118k as Powell freezes the rates despite Trump’s pressure: the best cryptocurrency to buy now? He appeared first out of 99bitcoin.