Cluster of headwinds weigh on bitcoin. XRP teeters near $1
Bitcoin and XRP are facing downward pressure due to stalled U.S. regulatory progress, declining spot ETF inflows, and rising Treasury yields. While market analysts remain optimistic about a potential year-end rally, current technical indicators suggest a fragile short-term outlook for major cryptocurrencies.
Regulatory setbacks are leading the charge. Progress on the Clarity Act has stalled in the Senate, and the U.S. Securities and Exchange commission (SEC) is reportedly set to further delay its long-anticipated "innovation exemption.” That rule is meant to make it easier to trade tokenized securities on blockchain networks under current securities laws.
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