Dogecoin, Cardano, XRP Take Profits as BNB Blasts Past $800 – Fed Rate Cut Hopes Fade for July

Crypto markets hit turbulence as meme coins and altcoins cash in gains—while Binance's powerhouse token defies gravity.

Profit-taking sweeps major altcoins

Dogecoin holders dump the joke-turned-cash-cow, Cardano whales lighten loads, and XRP traders lock in gains. Meanwhile, BNB's relentless surge past $800 leaves skeptics scrambling—proving once again that in crypto, the 'fundamentals' are whatever makes lines go up.

Fed throws cold water on rate cut dreams

Economists now peg July rate cuts at sub-20% odds, torpedoing the 'easy money' narrative. Traders face the old crypto dilemma: buy the rumor, sell the news—or just HODL through another round of Wall Street's mood swings.

Bonus finance jab: Nothing says 'mature asset class' like Dogecoin whales and Fed speculation moving markets in perfect harmony.

July rate cut hopes tapered

Meanwhile, hopes of a July rate cut are largely dim among forecasters.

The U.S. Federal Reserve remains under intense political pressure ahead of its July 30 meeting, with President TRUMP and some of his appointees openly calling for rate cuts despite sticky inflation. While Fed Chair Jerome Powell is expected to hold rates steady, the growing divergence within the FOMC is worrying economists.

A Reuters poll showed that over 70% of economists now fear for the Fed’s independence. Still, with markets pricing in a 53% chance of a cut in September and reciprocal tariff deadlines looming on August 1, crypto traders are eyeing any sign of policy softening as a tailwind.