🚀 Bitcoin Defies Gravity at $118K as Powell Ignores Trump – Top Crypto Picks for July 31

Bitcoin holds firm at $118,000 as Jerome Powell sticks to his guns—no rate cuts despite political pressure. Meanwhile, traders scramble for the next big play.

Market Standoff:
Powell freezes rates, Trump tweets fury, and crypto barely flinches. Who needs traditional finance when you’ve got decentralized defiance?

What’s Moving:
Altcoins lurk in Bitcoin’s shadow, but a few show promise. ETH? SOL? Or a dark horse? The hunt for the next 10x is on.

Cynical Take:
Wall Street still thinks ‘blockchain, not Bitcoin’—meanwhile, your grandma’s stablecoin yield farm outperforms their hedge fund.

The Federal Reserve announced Wednesday that it would not cut interest rates for July, holding steady between 4.15% and 4.25%. The decision came despite public pressure from the TRUMP administration, which has been calling for a 0.25% rate cut to protect economic growth amid rising tariffs. Fed Chair Jerome Powell pushed back, citing inflation risks and the economic uncertainty caused by Trump’s tariff plans.

.@FederalReserve Chair Jerome Powell: "Today the Federal Open Market Committee decided to leave our policy interest rate unchanged." pic.twitter.com/FnLmx3NOMn

— CSPAN (@cspan) July 30, 2025

BONK and USELESS: Still the Best Crypto to Buy in a Tired Market?

Meme coin BONK lost its key support at $0.0000328 just days ago and dropped over 20% to retest the lower level around $0.000026. But now it’s bouncing, trading NEAR $0.0000287. If it reclaims $0.0000328, bulls might get back in charge. Fundamentally, Bonk’s growing ecosystem gives it an edge: LetBonk, its own launchpad, has outcompeted Pump.Fun in just weeks. Over 80% of graduated meme tokens are now born on Bonk’s launchpad, which means more revenue fees feeding back into BONK itself.

Another name bouncing back? USELESS coin. After a 38% dip from its $408 million ATH, it’s back on the radar. The coin — half satire, half meme-fuel — has been embraced by degens looking for the next Fartcoin. And let’s be honest: if Fartcoin hit $2.6 billion, why not USELESS? It’s raw, ironic, and plays directly into the no-utility meme meta. No staking, no claims, just pure community-driven chaos. For some, that’s exactly the point.

34 minutes ago

What’s Next for Quant (QNT) Crypto? Down 10% in a Week

Quant (QNT) crypto is down over 10% in the last seven days. Despite starting the month strong, and going from 103 to over 134. This over 30% pump happened after introducing Quant Fusion, which is the first-ever 2.5-layer.

Now this whole MOVE up almost got wiped out, and the coin is currently at 118 with a market cap of over 1.7B.

Neutral Technicals: Can They Shift?

Read The Full Article Here