The crypto market is flashing mixed signals, leaving investors wondering what are the best crypto to buy right now. While the global market cap dropped to $3.87 trillion and major altcoins like XRP (-0.50%), Solana (-2.4%), and BNB (-3.61%) slipped into the red, some assets are showing surprising strength.
Ethereum (ETH) is one of them, climbing 0.37% to remain firmly above $3,800. At the same time, Bitcoin rebounded above $118,000 as Strategy (formerly MicroStrategy) confirmed a fresh $2.46 billion BTC purchase. With 21,021 more BTC added at an average of $117,256, Strategy now holds 628,791 BTC worth $74.26 billion, with an unrealized profit of over $28 billion.
EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
MicroStrategy(@Strategy) bought another 21,021 $BTC($2.46B) at an average price of $117,256.#Strategy currently holds 628,791 $BTC($74.26B), with an average buying price of $73,277 and an unrealized profit of $28.18B.https://t.co/y4E1N0MaJ8 pic.twitter.com/5rYrB3VKoL
— Lookonchain (@lookonchain) July 30, 2025
Bitcoin ETFs continued to attract investor interest on July 29, recording a net inflow of $80 million. The largest contributor was BlackRock’s IBIT, which brought in $157.6 million. Meanwhile, some older ETFs like GBTC and BITB saw outflows, with GBTC alone losing $49 million.
Despite a few outflows, this marks the third straight day of positive net inflows, showing that demand for Bitcoin exposure through ETFs remains strong—even as the broader crypto market cools off. Ethereum ETFs also saw a net inflow of $218 million.
Market sentiment remains greedy, with the Fear & Greed Index still at 63. This suggests the correction hasn’t shaken long-term confidence. So where is smart money flowing?
FOMC Meeting Today: Rate to Stay, Trump Wants Powell To Cut
Today, Federal Open Market Committee (FOMC) concludes its two-day long meeting to determine the direction of US monetary policy. The decision is expected to be announced few hours from now, followed by Jerome Powell speech after. This rate influences the economy and, of course, crypto market.
Market analysts anticipate that the FOMC will maintain the current interest rate after meeting, concluding it with fifth consecutive meeting without a change, although there is a push from the president to cut it. President Donald Trump has been vocal in his desire for a rate cut from Powell, even going as far as threatening to remove Powell from the chair. Yes, it was an LOL moment.
From Peak to Plunge: Pump.fun Faces Harsh Market Reality
Pump.fun, once the dominant memecoin launchpad, is rapidly losing relevance. Daily revenue recently fell below $300K, its lowest since September 2024, down from a $7M peak in January. Trader interest has shifted toward rival platforms like LetsBonk, where nearly 20,000 new tokens launched in a single day compared to Pump.fun’s 4,600.
Legal troubles are compounding the platform’s downfall. A class-action lawsuit accuses Pump.fun of running a fraudulent scheme, including rigged launches and insider trading. Meanwhile, user numbers have plummeted from 425,000 in January to just 65,000, with over 60% of wallets reportedly in the red.
The token price is also in decline, down 64% from its ATH of $0.00688 to the current price of $0.002466.
As Pump.fun fades, attention is turning toward fresh meme narratives like TOKEN6900, a project that’s fully transparent about being unserious. With over $1.44 M raised in its presale and zero fake utility, T6900 leans into absurdity with unmatched self-awareness. Its vibe-first, roadmap-free religion is resonating with a new wave of memecoin traders.
Pump.fun might’ve pioneered fast launches, but the market now craves authentic chaos, and TOKEN6900 might just be the next SPX6900.
$17M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft
What started as a suspicion of cheating ended with an arrest for XRP/USD theft. Nancy Jones, widow of country icon George Jones, says her longtime partner, Kirk West, stole more than $17 million in XRP from her Tennessee home.
Dang, you never want to see that happen to your XRP. RIP.
Reportedly, with doubts about West’s loyalty growing, Jones asked her granddaughter to check on her money, only to find that a Ledger wallet and $400,000 in cash were gone. That wallet held over 5.5 million XRP tokens.
West was picked up by police at Nashville International Airport on July 24, just as Franklin police opened their investigation.
SEC Opens Door for In-Kind Redemptions in Crypto ETFs
The U.S. Securities and Exchange Commission has approved in-kind redemptions for spot Bitcoin and Ethereum exchange-traded products. This means ETF issuers and authorized participants can now deliver or receive actual Bitcoin or Ether when creating or redeeming shares. Until now, they had to use cash. This rule change brings crypto ETFs closer to how commodity ETFs like gold are handled.
Whales Favour ETH, Strategy Buys BTC, and TRX Breaks Out
Whale wallets continue to favour Ethereum. One fresh wallet received 12,000 ETH (around $45 million) from Galaxy Digital’s OTC desk just hours ago. Since July 9, nine wallets have quietly accumulated 640,646 ETH, worth over $2.43 billion.
Bitcoin also remains a top choice for investors right now. With Strategy aggressively expanding its holdings and ETF inflows stabilizing the price, BTC is still seen as the foundation of most long-term portfolios.
But one surprise performer is Tron (TRX). While the broader market dropped, TRX jumped to $0.35 (now trading at $0.335): up 75% from its 2024 low. Per CryptoQuant, Tron processed over 2.8 billion transactions in the last 12 months and generated more revenue than Ethereum, Solana, and BNB Chain combined.
With technical indicators pointing bullish and TRX trending above key resistance levels, it’s another name to watch closely.
The post ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy? appeared first on 99Bitcoins.
