Interest Rate Cuts Propel Bitcoin and Highlight Promising Cryptos to Buy

Bitcoin surged to $97K following China’s significant interest rate cut to 1.4%. This move is expected to boost the economy and benefit cryptocurrencies. Meanwhile, anticipation surrounds the U.S. Federal Reserve’s rate decision. Key cryptos worth considering now include Ondo, Solaxy, Virtuals Protocol, and Stacks, each showing promising growth potential amidst these developments.

In the early hours of Wednesday, Bitcoin reached an impressive $97,000 as China’s central bank made a significant move—reducing interest rates to 1.4% and injecting around 1 trillion Yuan, roughly $138.6 billion, into its economy. This rate cut is expected to stimulate economic activity, which tends to bode well for cryptocurrencies, given their global appeal.

As all eyes turn to the U.S. Federal Reserve, it is set to announce its decision on U.S. interest rates today. While analysts predict no immediate rate change, there’s a substantial 74.8% likelihood of a cut by July 30, according to CME Group’s FedWatch tool. Historically, lower interest rates have encouraged riskier investments, including cryptocurrencies, thus the intersection of monetary policies in major economies creates a positive environment for the crypto sector.

So, with this bullish backdrop, what are the leading cryptocurrencies worth considering at this time?

On the front lines is Ondo, a notable player linking traditional financial markets with the blockchain realm. Ondo provides tokenized U.S. Treasuries and a yield-bearing stablecoin, granting global investors access to U.S.-based yields. Their Ondo Global Markets platform supports trading in various tokenized assets—everything from stocks to bonds, and ETFs—showcasing the advantages of blockchain.

Next up is Solana, catching the attention of major institutional investors. The asset powerhouse BlackRock recently shifted its tokenized money market to Solana, aligning alongside Franklin Templeton. With over 80 million monthly users, it’s clear Solana is a hot commodity. However, the smart move might be looking at Solaxy, the first Solana layer 2 blockchain. Currently in its presale, Solaxy promises to alleviate congestion on the Solana network and has raised an impressive $33 million so far.

Then there’s Virtuals Protocol, a platform designed to democratize AI agents. Users can create agents using simple text commands and need only 100 $VIRTUALS tokens to deploy them. The demand for this token is tied directly to platform activity, which has surged following the addition of a feature called Genesis Launches. The result? $VIRTUALS has skyrocketed by over 200% this month, positioning the protocol as a rising star in the AI agent niche with a market cap of $910 million.

Lastly, we can’t overlook Stacks. This Bitcoin layer 2 blockchain builds on Bitcoin’s strong foundation, providing faster transactions and lower fees. The smart contract capabilities mean developers can create applications within the Bitcoin ecosystem, offering users a chance to earn native Bitcoin yields. It’s already showing strong potential; Stacks climbed 6.6% in a single day, demonstrating its tendency to outperform Bitcoin during upward trends.

The current financial landscape appears poised for growth, and as interest rates drop, the momentum for cryptocurrencies could well follow suit. With platforms like Ondo, Solaxy, Virtuals Protocol, and Stacks, investors have several intriguing opportunities to consider.