Bitcoin tapped $97K, injecting 1 trillion Chinese Yuan ($138.6 billion) into the market.

The move will bolster economic activity in the region, which is bullish for globally available assets like cryptocurrencies.

China’s central bank cut interest rates on Wednesday and injected 1 trillion Chinese Yuan ($138.6 billion) into the economy to stimulate activity following a sluggish second quarter.

The move will be bullish for risk-on assets like cryptocurrencies.

China’s central bank, the People’s Bank of China (PBOC), reduced the seven-day reverse repo rate by 15 basis points to 1.4%. It also announced a broad measure to inject 1 trillion Chinese Yuan into the economy through open market operations.

The move comes after China’s economic growth slowed to 0% quarter-on-quarter in the three months to June, disappointing economists’ expectations.

Meanwhile, the Federal Reserve will decide whether to cut U.S. interest rates on Wednesday.

No change is expected, but the market is pricing in a 74.8% chance of a rate cut by July 30, according to CME Group’s FedWatch tool.

Lowering interest rates have historically proved bullish for the price of risk-on assets such as cryptocurrencies. So with the world’s largest economies each stepping in this direction, plus China injecting additional liquidity into its markets, the global financial outlook is promising – and this places the crypto sector in an exciting spot.

With that in mind, here is a look at the best crypto to buy now.Virtuals Protocol is an AI agent launchpad that allows anyone to deploy an agent in seconds and with simple, text-based prompts. It’s democratizing the process of owning and operating an AI agent – all you need is imagination and 100 $VIRTUALS tokens.

The last part is partly why Virtuals Protocol could be a smart buy now. While many AI agent cryptos lack utility, demand for $VIRTUALS directly correlates with platform activity.

This means that any new ecosystem upgrades could potentially skyrocket the $VIRTUALS price, and we’ve seen that in real time this month.

The project added a new feature called Genesis Launches, which is like Pump.fun for AI agents, except it ensures fair token distribution and rewards creators. It kickstarted a wave of ecosystem activity, and the $VIRTUALS price has surged over 200% this month as a result.

The project has a $910 million market cap, making it one of the leading AI agent cryptos. It’s currently the 74th largest crypto by market cap, but due to the popularity of AI technology, there’s every chance it will rise higher up the ranks this year.Ondo is a multifaceted platform providing numerous markets for real-world assets. Its core offerings are tokenized US treasuries and a yield-bearing stablecoin. These two products provide global investors with seamless access to US-based yields, showcasing the power of borderless blockchain properties in real time.

Beyond that, the project also offers Ondo Global Markets, a real-world assets trading platform that allows users to invest in thousands of 1:1 backed tokenized assets, including stocks, bonds, and ETFs.

Ondo is bridging the traditional finance and blockchain worlds. So factoring in the rising interest in blockchain technology among TradFi players, it’s a setup with real potential.olaxy is the world’s first Solana layer 2 blockchain, and it comes amid concerns over the chain’s rising gas fees and limited throughput.

In periods of peak activity, the chain becomes congested, leading to longer wait times and increased rates of transaction failures.

Solaxy will provide Solana with an additional 10,000 transactions per second, allowing it to accommodate more adoption and use cases.

The project is undergoing a presale and has raised $33 million so far. It began the presale with a valuation of $250 million, but the $SOLX presale has been successful, which indicates the project could continue to make gains once it hits exchanges.

With a monthly user base of over 80 million people, Solana has everyone’s attention. But buying Solana directly may not yield the biggest gains; the smartest move might just be Solaxy.

Insiders at BlackRock, the world’s largest asset manager, revealed that the firm has moved its tokenized money market to Solana, highlighting the chain’s increasing appeal to institutional investors.

The firm manages a portfolio of $11.5 trillion in assets, making even a small part of its investment a huge opportunity for crypto startups.

Earlier this year, the $1.7 trillion asset manager Franklin Templeton also announced plans to launch a Web3 venture capital fund on Solana.

Meanwhile, firms like SOL Strategies and DeFi Development Corp are raising funds in traditional financial markets to accumulate $SOL and expand their operations on the chain.