{"id":38369,"date":"2025-07-23T13:31:59","date_gmt":"2025-07-23T13:31:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38369"},"modified":"2025-07-23T13:31:59","modified_gmt":"2025-07-23T13:31:59","slug":"dogecoin-cardano-xrp-see-profit-taking-bnb-crosses-800-as-economists-see-lower-chances-of-july-rate-cut","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38369","title":{"rendered":"Dogecoin, Cardano, XRP See Profit-Taking, BNB Crosses $800 as Economists See Lower Chances of July Rate Cut"},"content":{"rendered":"
\n

The crypto market is once again knocking on the $4 trillion door but just can\u2019t seem to walk through it.<\/p>\n

Total market capitalization hovered at $3.93 trillion on Wednesday, marking the third attempt in four weeks to decisively break the milestone. That\u2019s despite strong risk-on sentiment in equities, surging institutional demand for Ethereum, and fresh spot ETF headlines across altcoins.<\/p>\n

Instead, traders appear locked in a technical deadlock, rotating capital between majors while waiting for a new headline to trigger fresh inflows.<\/p>\n

\u201cThis is reminiscent of the stagnation we also saw at the end of last month,\u201d said Alex Kuptsikevich, chief market analyst at FxPro, told CoinDesk in an email. <\/p>\n

\u201cIt seems that we are seeing calendar rhythms, with increased inflows at the beginning of the month and caution at the end.\u201d\u201cCryptocurrencies are ignoring the positive sentiment on the stock markets and technical factors are temporarily dominating the agenda,\u201d he added.<\/p>\n

Bitcoin (BTC) traded within a tight $117,000\u2013$119,000 range during the past 24 hours before hovering around $118,500 in early U.S. hours. While the world\u2019s largest crypto is still up 0.5% over the past week, the pace of its advance has slowed \u2014 with funding rates softening and volumes drifting lower across CME and Coinbase.<\/p>\n

Ether (ETH), which surged 22% last week, has also started to lose steam. ETH Prices hovered around $3,670 at the time of writing, as staking flows and ETF demand plateaued following a frenzied five-day push.<\/p>\n

BNB broke the $800 mark earlier Wednesday to set fresh highs, with ecosystem bets such as Pancakeswap (CAKE) and memecoin floki (FLOKI) up as much as 10%.<\/p>\n

Meanwhile, the altcoin rally appears to have stalled. Solana is up 18.2% over the past 7 days, but down 1.3% in the past 24 hours. Top performers in the last 7 days, Cardano’s ADA (ADA), which jumped 14.9%, and XRP (XRP), that rose 17.1%, are now flatlining.<\/p>\n

Even Dogecoin (DOGE) \u2014 last week\u2019s surprise outperformer \u2014 is beginning to cool after a 27.1% weekly run sparked by speculation of a spot ETF and a $500 million reserve build-up by mining firm Bit Origin.<\/p>\n

Sentiment, however, remains near euphoric. The Crypto Fear & Greed Index rose to 74, just shy of the \u201cextreme greed\u201d threshold that has historically signaled near-term tops. According to Kuptsikevich, breaching that level will require a strong new driver.<\/p>\n

\u201cThe lack of new significant reasons on the horizon is preventing cryptocurrencies from entering the territory of extreme greed (>75),\u201d he said. \u201cSuch a reason could be the approval of an ETF with staking or the expansion of the set of altcoins in exchange-traded funds.\u201d<\/p>\n

July rate cut hopes tapered<\/h2>\n

Meanwhile, hopes of a July rate cut are largely dim among forecasters.<\/p>\n

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.<\/p>\n

A Reuters poll <\/a>showed that over 70% of economists now fear for the Fed\u2019s 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.<\/p>\n

Read more: XRP’s July Uptrend Threatened as Bitcoin’s $120K Price Resistance Holds<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The crypto market is once again knocking on the $4 trillion door but just can\u2019t seem to walk through it. Total market capitalization hovered at $3.93 trillion on Wednesday, marking the third attempt in four weeks to decisively break the milestone. That\u2019s despite strong risk-on sentiment in equities, surging institutional demand for Ethereum, and fresh […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38369","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38369"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38369\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}