On July 1st, Elon Musk publicly addressed former President Trump’s comments on government subsidies, advocating for the immediate elimination of all such financial aids. Trump had previously highlighted Musk’s awareness
Cardano price started a fresh decline from the $0.590 zone. ADA is now consolidating and might attempt a fresh increase above the $0.5820 zone. ADA price started a fresh decline below $0.5820 and $0.5750. The price is trading above $0.560 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.5640 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.5560 support zone. Cardano Price Fails To Extend Gains In the past few sessions, Cardano saw a fresh decline from the $0.590 zone, unlike Bitcoin and Ethereum . ADA declined below the $0.580 level and trimmed most gains. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.5567 swing low to the $0.5902 high. The price even spiked below the $0.570 support but stayed above $0.5650. There is also a key bullish trend line forming with support at $0.5640 on the hourly chart of the ADA/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.5567 swing low to the $0.5902 high. Cardano price is now trading above $0.5650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.5735 zone. The first resistance is near $0.5820. The next key resistance might be $0.590. If there is a close above the $0.590 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.620 region. Any more gains might call for a move toward $0.6350 in the near term. More Losses In ADA? If Cardano’s price fails to climb above the $0.5820 resistance level, it could start another decline. Immediate support on the downside is near the $0.5640 level and the trend line. The next major support is near the $0.5460 level. A downside break below the $0.5460 level could open the doors for a test of $0.5250. The next major support is near the $0.510 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.5640 and $0.5460. Major Resistance Levels – $0.5735 and $0.5820.
Joni Ernst, a United States Senator, backed by fellow Iowa Sen. Chuck Grassley and Alaska Sen. Lisa Murkowski, has filed an amendment to the US Senate’s tax and spending megabill. The proposal seeks to remove a planned tax on wind and solar projects set to take effect after 2027. It also aims to change how clean energy tax credits are applied, basing them on when a project begins construction rather than when it becomes operational. The amendment would revise two of the bill’s most contentious provisions and could provide modest relief for renewable energy projects currently targeted in the draft legislation under Senate debate. Renewable energy supporters advocate for modifications in the tax bill The amendment will be brought up on the Senate floor as part of “vote-a-rama” — a series of votes on a stream of amendments to President Donald Trump’s big tax-and-spending bill. Notably, Ernst and Grassley represent Iowa, which gets more than 60% of its electricity from wind power. Additionally, other Republican senators may support the amendment. The opposition to the Senate bill, which features a broadside from Tesla CEO Elon Musk, comes as Senators began voting on a possibly lengthy list of changes to the bill on Monday morning. This provided renewable energy supporters from both political parties one last chance to advocate for modifications. The Senate bill would reverse incentives for wind, solar, batteries, and other clean technologies that President Joe Biden established in his 2022 Inflation Reduction Act. In addition, it would impose a new tax on those projects if they cannot demonstrate that the products are made without Chinese parts. Those provisions were tougher on the credits than the previous Senate and House versions. The energy analysis firm the Rhodium Group estimates that the excise tax on wind and solar energy would raise their cost by 10-20%, in addition to the loss of tax credits. Consumers would absorb those added costs, Rhodium said. Trump’s big tax-and-spending bill faces criticism from individuals The bill has triggered strong opposition from industry and labor groups , with critics warning of power shortages, rising prices, and job losses. Over the weekend, Neil Bradley, an executive vice president, chief policy officer, and head of strategic advocacy at the US Chamber of Commerce, shared his opinion on the topic of discussion. Bradley says taxing energy production is always bad, whether for oil and gas or renewable sources. He then stated that the electricity demand is expected to grow significantly, and this tax will raise prices. Therefore, based on Bradley’s argument, this needs to be eliminated. Moreover, in an X post, Elon Musk highlighted that this would harm America. Musk continued that the cuts could threaten the progress of energy-intensive artificial intelligence technology and more. President Trump urged Senate Majority Leader John Thune to speed up the phase-out of clean energy tax credits, pushing for a tougher stance on wind and solar. This approach contrasts with the slower sunset plan supported by moderate senators. Some lawmakers requested assistance to soften the blow to their states from canceled projects, job losses, and rising energy costs. The renewable energy industry, manufacturing unions, and even some conservatives also criticized the new tax. Conservative energy expert Alex Epstein advocates ending the green tax credits. Still, he appeared surprised by the excise tax, saying in a post on X , “I just learned about the excise tax and it’s definitely not something I would support.” The US Chamber of Commerce also quickly condemned the tax. Neil Bradly, the Chamber’s executive vice president, said on social media that axing energy production is never good policy, whether oil and gas or, in this case, renewables. He noted that electricity demand will grow enormously, and the tax will increase prices. Neil insisted that it should be removed. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Unpacking BSC’s Maxwell vs. Ethereum’s Glamsterdam.
As July unfolds, market watchers are flagging two of the leading altcoins—Solana and Ripple (XRP)—as potentially oversold, citing technical setups and fundamental catalysts. Simultaneously, attention is shifting toward a high-upside presale entrant: MAGACOIN FINANCE. While long-standing assets like SOL and XRP offer promising technical bases, a growing number of traders are exploring high‑conviction, early-entry opportunities for sharper ROI positioning. Traders Rotate Toward MAGACOIN FINANCE As SOL and XRP form building blocks, attention is rotating toward projects at earlier stages—where upside potential may be greater. Among these, MAGACOIN FINANCE stands out as a project capturing strong traction. With previous presale rounds selling out instantly, the token’s scarcity-based design, audited smart contract, and macro-aligned vision have drawn rising analyst interest. Rather than following established paths, MAGACOIN FINANCE is being evaluated on its internal architecture and market timing—qualities that appeal to investors seeking asymmetric return profiles. This strategic rotation reflects a classic cycle dynamic: capital locks in profits in consolidated blue‑chip assets and reallocates into structurally sound, high-potential presales poised to lead the next phase. Solana’s Technical Stage Signals Potential Rebound Solana has long attracted institutional interest thanks to its onchain activity and futures volume. Yet despite this, price action remains compressed around critical support zones. Technical analysts point to oversold indicators—such as Relative Strength Index divergence—making the case that SOL may be primed for a rebound. Meanwhile, Solana’s ecosystem continues expanding. From decentralized finance to Web3 innovations like Luck.io (which drove millions in bets within its first month), adoption remains robust. This narrative supports the idea that SOL’s current consolidation could represent an accumulation phase for savvy investors. XRP Builds Foundation While ETF Optimism Pools Ripple’s XRP is showing a similar pattern. XRP is now recovering strongly from a massive drop a few days back and now moving through the upward trend after a steady consolidation. A bullish inverted head and shoulders pattern is forming but must breakout over resistance to be exact. Further underpinning XRP’s case is regulatory progress. Spot ETFs in Brazil and Canada have garnered attention from institutions. Approval from the U.S. looks more and more likely, and some analysts suggest a momentum change if the catalysts align. Meanwhile, as structural strength is building, the price exhaustion indicators signal rebound opportunities during consolidation. Balancing Stability with Asymmetry For many, SOL and XRP provide stability and infrastructure weight. Their ecosystems are mature, and technical setups hint at upside potential. Still, growth is often measured in percentage terms for established assets. By contrast, projects like MAGACOIN FINANCE offer early-alpha potential. The same investors monitoring SOL’s support tests and XRP’s regulatory catalysts are now allocating a portion of their capital to presales prepared for rapid expansion—especially if macro sentiment and crypto cycles align. Final Thoughts July 2025 may prove pivotal for altcoins. Solana and XRP appear to be nearing oversold lows while building solid foundations for the next leg up. Yet for patterns of asymmetric gains, savvy traders are also watching MAGACOIN FINANCE. As the market shifts from consolidation toward expansion, early-phase tokens like MAGACOIN FINANCE could unlock the kind of returns that define market cycles. Their rise is not a rejection of established assets but a strategic amplification of portfolio potential. For more information, please visit: Website: magacoinfinance.com Exclusive Access: magacoinfinance.com/entry Continue Reading: Solana and Ripple (XRP) Price Analysis July 2025: Analysts Say Altcoins May Be Oversold
With 2025 moving ahead fast, people are eyeing coins that offer more than memes or quick price jumps. The top cryptos to buy now are those making real ecosystems, not just coins. This piece looks at four coins getting attention for practical use, active communities, and smart rewards. At the front is BlockDAG, which links its presale power with true on-chain use. Dogecoin, Shiba Inu, and Pepe follow, each with their own story and plans. 1. BlockDAG (BDAG) BlockDAG stays strong among top cryptos to buy now because of its solid plan that blends presale success with user tasks and working features. Its presale raised $326 million so far, selling 23.4 billion coins across 29 batches, with the current price fixed at $0.0016 until 11th August. Early buyers have already seen 2,660% growth in their funds since batch 1. Unlike simple airdrops, BlockDAG (BDAG) rewards people for true action like installing its X1 Miner App, using its beta, buying mining rigs, and trying smart contracts. This builds real user strength for its systems and tests how tough it can be. Its mix of presale growth and tech use helps its upcoming mainnet. Each test builds better tools, and each referral or app use brings in more users. This creates a working cycle where promises are backed by action. This is why BlockDAG leads the top cryptos to buy now based on use, readiness, and growth chance. 2. Dogecoin (DOGE) Dogecoin keeps its place among top cryptos to buy now, thanks to daily buyer interest and big-name support. Though it started as a meme, its life continues with a strong global group and use in tipping and online buying. In 2025, it will remain a simple way to enter crypto. It may not have deep systems like new projects, but Dogecoin wins with wide use. Many online shops accept it, and its trading stays active. Support from Elon Musk and talks about its use in Tesla or X payments give hope for future roles. But as people pick top cryptos to buy now based on systems and user rewards, Dogecoin offers more cultural power than tech depth. Still, its fast transactions and wide fame keep it popular for easy trades. 3. Shiba Inu (SHIB) Shiba Inu has grown past just being a Dogecoin rival. Its Shibarium launch, a Layer 2 chain, showed it wants to build a working system, not remain a meme coin. Shibarium cuts gas costs and boosts speed, letting builders create apps and DeFi on it. In 2025, SHIB grows through token use and team upgrades. Its system has tokens like BONE and LEASH, NFTs, and staking, too. This wider build shows its plan for long-term growth. While not as tech-strong as BlockDAG, SHIB has a solid plan, active teams, and huge, loyal groups. For those looking at meme-based coins moving to real builds, SHIB remains one of the top cryptos to buy now. 4. Pepe (PEPE) Pepe made noise in 2023 and still draws eyes for its memes. Its growth came from hype and community buzz. But unlike SHIB or Dogecoin, it has yet to build a deep system. Yet in 2025, some PEPE projects started, like staking and rewards pools. Some developers plan to add more uses to PEPE. If these plans become real, PEPE might grow stronger. For those hoping meme hype hits again, PEPE still has short-term chances. But compared to coins with real systems, its lack of depth may hurt its future. Still, it stays among the top cryptos to buy now for its risky but big possible gains. Final Thoughts Picking top cryptos to buy now isn’t only about past wins, but about user use, strong builds, and ongoing tasks. BlockDAG stays ahead in linking presale wins with its testnet and user rewards. Dogecoin, SHIB, and PEPE each have fame, plans, or meme power. All four have strong groups, but BlockDAG changes its users into real testers and builders. For people looking for use-backed coins, BDAG stands out as the top crypto to buy now in 2025 . The post 4 Top Cryptos to Buy Now for Huge Growth: BlockDAG, Dogecoin, SHIB & PEPE! appeared first on TheCoinrise.com .
Although Bitcoin (BTC) has recorded slight gains over the past month – up 3.6% in the last 30 days – the leading cryptocurrency is experiencing a lack of Apparent Demand, indicating broader market weakness that could lead to a price slump in the near term. Bitcoin Apparent Demand Enters Negative Territory According to a recent CryptoQuant Quicktake post by contributor Crazzyblockk, Bitcoin’s new buyer demand is failing to absorb the combined supply pressure from freshly mined BTC and selling from long-term holders (LTHs). As a result, BTC’s Apparent Demand has turned negative. The analyst noted that the imbalance between buyer demand and excessive supply has created a high-risk environment for a near-term price correction. Notably, the $100,000 level remains an important support for the flagship digital asset. Related Reading: Bitcoin Weak Hands Exit While Smart Money Loads Up – Is A Breakout Near? For the uninitiated, Bitcoin’s Apparent Demand measures the balance between new buying interest and the supply of coins entering the market from miners and LTHs selling. When this metric turns negative, it means that the amount of BTC being sold exceeds new purchases, indicating potential market weakness and downward price pressure. BTC entering negative Apparent Demand territory can be considered a bearish development for two key reasons. First, it directly increases the “for sale” BTC supply, exerting downward pressure on the cryptocurrency’s price. Second, significant selling by LTHs – often considered seasoned and sophisticated investors – suggests that experienced players believe the crypto market has likely reached a local top and are exiting before a potential severe market downturn. The analyst added: Consequently, the market is in a vulnerable state. Any price rallies from here will likely struggle to overcome this wave of available supply, and market support may be weaker than anticipated. While not a guarantee, this on-chain signal strongly suggests a period of caution is warranted until demand shows clear signs of recovery. That said, recent on-chain analysis indicates a more optimistic outlook. According to fellow CryptoQuant analyst Avocado_onchain, the 30-day moving average (MA) of Bitcoin Binary Coin Days Destroyed (CDD) shows signs of healthy consolidation rather than a potential local top. Some Positive Signs For BTC While BTC’s Apparent Demand might be drying up, easing global geopolitical tensions could catalyze a rally in risk-on assets, including cryptocurrencies. Further positive macroeconomic developments may also benefit BTC, potentially leading to a cycle top much higher than currently anticipated. Related Reading: Bitcoin May Surprise Bears: $100K–$110K Range Shows Rising Short Interest Another indicator negating the possibility of a major price pullback is the steadily rising short-term holder (STH) floor price, which has surged to as high as $98,000 according to the latest on-chain data. At press time, BTC trades at $107,500, down 0.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
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Recent market trends show significant price drops for both Solana (SOL) and Avalanche (AVAX) . With values hitting lows, questions arise about whether this downturn signals a prime buying opportunity. Could these coins be on the verge of a significant rebound? Discover the factors that point to potential growth and why now might be the ideal time to invest. Solana Market Snapshot: Trends, Key Levels, and Trading Ideas Solana fell sharply over the past month, with prices dropping nearly 19% and a six-month decline of around 22%. The coin has struggled to maintain gains, reflecting a consistent downward movement over time. Price shifts have followed a pattern of quick corrections, and short-term dips have contributed to a broader bearish outlook. Declines over a single week of about 5% have added to the overall pressure, signaling that the market has been cautious in its movements. Volatility and a series of losses mark the recent performance, suggesting that sellers have been in control during these periods. The current price range sits between $136 and $182.20, with traders eyeing a key support level near $115.84 and the first resistance at $207.90. A second line of defense appears with support at $69.81, while a higher resistance is found around $253.93. The indicators show negative momentum, with both the Awesome Oscillator and Momentum Indicator below zero, confirming a bearish influence. The relative strength index at 38.07 indicates that the coin remains cautious, lacking a strong upward trend. Trading within these levels may involve seeking buying opportunities near support, along with careful stop-loss orders. Avalanche Trends: Bearish Past and Critical Price Levels Avalanche dropped 24% over the past month and slid 51.76% during the last six months. A week-long loss of 9.20% marks a clear downward movement in its price behavior. The coin has struggled to maintain recent levels, reflecting mounting bearish pressure and investor caution. The steady decline over these periods highlights the challenges the altcoin has faced, marked by a series of retracements that have left traders wary of further falls. The current price sits between $17.67 and $25.40, with strong support at $14.52 and resistance near $29.98. A secondary support at $6.79 and resistance at $37.70 add extra caution for market participants. A negative Awesome Oscillator of -2.90 and a Momentum reading of -3.95 suggest that bears dominate the market. An RSI of 34.66 indicates the coin could be nearing an oversold condition. Traders should watch for a potential bounce if the price touches the lower support and consider tight stop-loss strategies in this uncertain environment. Conclusion Both SOL and AVAX show signs of being oversold. This dip could provide a strong entry point for investors. The current prices may not last long. With potential for growth, entering now could yield high rewards. Timing is key in capturing future gains. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter quarter with flat price action. Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no expiry). A positive funding rate indicates that perps are trading at a premium to the spot price, necessitating a payment from longs to shorts to maintain bullish bets. Therefore, positive rates are interpreted as representing bullish sentiment, while negative rates suggest otherwise. As of writing, perps tied to payments-focused token XRP (XRP), the world's fourth-largest digital asset by market value, had an annualized funding rate of nearly 11%, the highest among the top 10 tokens, according to data source Velo. Funding rates for Tron's TRX (TRX) and dogecoin (DOGE) were 10% and 8.4%, respectively, while rates for market leaders bitcoin and ether were marginally positive. In other words, the XRP market demonstrated the strongest demand for leveraged bullish exposure among other major cryptocurrencies, including BTC and ether (ETH). That's consistent with the spike in bullish sentiment for XRP last week, despite the settlement between Ripple and the SEC stalling, as noted by Santiment. Privacy-focused monero (XMR) stood among tokens beyond the top 10 list with a funding rate of over 23%, while Stellar's XLM token signaled a strong bias for bearish bets with a funding rate of 24%. Seasonally weak quarter Historically, the third quarter has been a weak period for bitcoin, with data indicating an average gain of 5.57% since 2013, according to Coinglass . That's a far cry compared to the fourth quarter's 85% average gain. BTC's spot price remained flat at around $107,000 at press time, offering no clear direction bias. Valuations have been stuck largely between $100,000 and $110,000 for nearly 50 days, with selling by long-term holder wallets counteracting persistent inflows into the U.S.-listed spot exchange-traded funds (ETFs). Some analysts, however, expect a significant move to occur soon, with all eyes on Fed Chairman Jerome Powell's speech on Tuesday and the release of nonfarm payrolls on Friday.