Profit-takers have arrived for Bitcoin, and the price of the apex crypto is suffering because of it. Bitcoin dropped below $112K yesterday before the bulls created an emergency rally. Since it could still only push BTC above the $113K mark, some analysts had to pull back from their initial predictions.
This “pullback in prediction” due to the “pullback in price” can be seen in Tradermayne’s recent tweet on X, in which he said he will be going to recalibrate it.
$BTC
Going to have to recalibrate here, I def thought we'd take out $120k before another potential move down.
Gonna delete my lines and boxes and start the month fresh, will post a YT vid later. pic.twitter.com/DvigSKUSzf
— Mayne (@Tradermayne) August 1, 2025
The current price action, despite the progressive regulatory moves, has put some fear in people’s minds. Are they scared that Bitcoin’s supply is getting hegemonized? Will they start looking for another asset as their choice for best crypto to buy now?
Bitcoin’s Failure to Break Above $120K Led to the Price Drop
The Bitcoin price started to consolidate when its top wick touched above $123K. What followed later was a struggle and the emergence of more people holding. The trading volume on TradingView shows that almost a balance was established between bulls and bears, with the bulls trying to retest the high again.
However, their efforts were in vain, and the BTC price chart ended up creating a double-top in the $119K–$120K range. That was a classic short-term bearish signal. It has proven to be true since then, as the following day, the Bitcoin price is almost in free fall, creating one red candle after another.
Reason Beyond Technical Triggers Behind Bitcoin’s Price Dropping
While the bearish technicals give a clear picture of why the BTC price has dropped, the reasons are more profound.
US tariffs are the top reason. The Trump administration recently announced trade tariffs of 10% on global imports and a massive 35% on Canadian goods. This has caused people to move away from risk assets.
Secondly, the global stock market declined, with crypto-linked equities like Coinbase and Robinhood facing major drops. Then there is the matter of the US Federal Reserve’s rates, which are going steady at around 4.25% to 4.5%.
These reasons have negatively impacted BTC despite the overall progressive regulatory environment. It is akin to taking “2 steps forward” and “3 steps back.” The market is currently volatile, which is why picking high-cap assets is probably not the best idea.
Best Crypto to Buy Now
Since the market is volatile again, it makes sense to stick to assets that could provide profits to early movers. That’s why the following ICOs are some of the best cryptos to buy now.
Best Wallet Token
With Bitcoin’s recent dip triggered by profit-taking and global tensions such as the US tariff hikes, many investors are now looking for new opportunities, particularly those that grant early access to emerging crypto projects. This is where Best Wallet Token steps in as a potential game-changer.
Best Wallet Token powers the Best Wallet ecosystem, a platform designed to help users discover and invest in new crypto assets before they go mainstream. One of its standout features is the “Upcoming Tokens” or “Token Launchpad” section, where users can find ICOs and presales that are still under the radar. These early-stage assets often carry more upside potential than high-cap cryptos due to their lower entry points and higher volatility.
Beyond token discovery, Best Wallet also offers simplified portfolio tracking, multi-chain compatibility, and insurance-backed security thanks to its Fireblocks-powered interface. The Best Wallet Token itself enhances this experience by unlocking premium features, increasing staking rewards, and reducing transaction fees across the platform.
With these utility layers and a clear focus on early investing, it’s no surprise that Best Wallet Token has already raised over $14 million in its presale. That level of backing shows strong community confidence in a project that aims to make high-quality crypto access simple and rewarding.
Bitcoin Hyper
Bitcoin’s recent price drop doesn’t necessarily mark the end of the bull run. Instead, it signals a more volatile market environment. In such conditions, tokens like Bitcoin Hyper can act as ideal beta plays for BTC, offering higher upside potential tied to Bitcoin’s momentum but with added utility and viral appeal.
Bitcoin Hyper isn’t just another meme coin riding Bitcoin’s name. It’s designed to enhance the Bitcoin network by bringing scalability and utility through a Layer 2 solution that integrates Solana Virtual Machine compatibility. This gives it the foundation to support decentralized applications while remaining linked to Bitcoin’s ecosystem, making it more than just a speculative asset.
What sets Bitcoin Hyper apart is its creative imagery. By reimagining the Bitcoin brand through a meme-centric lens, complete with a superhero-themed mascot, it captures attention while maintaining relevance. This visual identity not only enhances community engagement but also makes the token more relatable to younger investors who gravitate toward humorous, culturally driven assets.
In essence, Bitcoin Hyper brings together utility and memes to create a token that reflects both the seriousness and playfulness of the crypto space. For investors seeking a high-potential project that mirrors Bitcoin’s energy but offers more dynamic features, Bitcoin Hyper could be a timely and valuable pick.
Maxi Doge
Bitcoin’s volatile price action has funneled into Dogecoin. However, that does not mean the meme market is slowing down anytime soon. Taking advantage of this opportunity is Maxi Doge, a Doge-inspired meme coin highlighted as a “buff” Dogecoin alternative, attempting to establish itself as a powerhouse in the meme coin market.
The imagery of Maxi Doge is that of a gym-going Doge. It is muscular, focused on the grind, and unafraid to dive deep into research to get even more buff.
Beyond this imagery, Maxi Doge underlines a meme coin project where profit is supreme and gains are plenty to go around. It promises a community where trading secrets can be shared freely, and upon listing, its focus is on putting leverage trading at the forefront in hopes of helping investors make exponential gains.
Although much of what the project suggests is risky, it is that very risk that is drawing people toward it. So far, it has raised upwards of $200K, which shows that investors are interested in what it has to offer. Experts like ClayBro have said that this meme coin could explode higher than even the OG crypto.
Snorter
The current Bitcoin market may be facing a downtrend, but that is unlikely to shake the meme coin ecosystem, especially the Solana-based ones. These assets often operate on their own momentum, driven more by community energy and viral traction than by macro trends. Among them, Snorter is emerging as a standout.
At the center of Snorter’s branding is a quirky yet clever image: an aardvark with a sharp nose for sniffing out the next big thing. This unique imagery perfectly matches the token’s mission: to help investors discover promising meme coins before they go mainstream.
Snorter offers real utility, combining auto-sniping tools with robust security measures like honeypot and rug pull detection. It also supports copy trading, letting users follow experienced wallets for smarter plays. The platform runs on Telegram, making it highly accessible for everyday investors.
What sets Snorter apart is its hybrid identity. It fully embraces meme culture while offering tools that serious traders can rely on. This balance between fun and functionality makes it a strong choice for those looking to explore the meme coin market with a bit more confidence.
Snorter has already raised more than $2 million, a strong indication that the community believes in its vision.
TOKEN6900
Bitcoin’s recent decline, even as global regulations lean toward crypto-friendliness, adds an ironic twist to the market. It shows that no matter how progressive the government becomes, the crypto community will move in its own unpredictable way. That sentiment is perfectly captured by TOKEN6900, a meme coin that throws utility out the window and embraces pure chaos.
TOKEN6900 proudly calls itself a no-utility token. It does not aim to fix a problem or revolutionize an industry. Instead, it focuses entirely on entertaining the degens of crypto Twitter and Telegram. Its value comes from its memes: wild, brain-melting content that pokes fun at everything from serious investors to the current market conditions.
The project’s aesthetic is deliberately messy, drawing from early internet nostalgia and absurd humor to carve out a unique space in the meme coin world. It mirrors the kind of comedic unpredictability that defines the market today.
Despite offering no utility, TOKEN6900 has already raised nearly $2 million during its presale. That figure alone shows that there is demand for unfiltered fun in the crypto space. For investors who thrive on irony and are willing to embrace the chaos, TOKEN6900 may be a top speculative pick this cycle.
Conclusion
The Bitcoin price action has shown the market that despite how progressive the regulations become, chances are that the community will be singing a different tune. The best crypto to buy now in this situation could be found among the top ICOs. All the ones listed are versatile and have their unique attributes that are more than enough to give early movers a winning chance.
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