
XRP's 70% Breakout Had a Warning Sign: 85 Millionaire Wallets Moved First
XRP whales moved early as 85 new millionaire wallets appeared before the dramatic August breakout.
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XRP whales moved early as 85 new millionaire wallets appeared before the dramatic August breakout.
XRP was trading around $1.30 on Thursday after a volatile week that saw leveraged traders repeatedly forced out as the Federal Reserve returned to rate hikes after two major shocks hit the market at once. XRP rebounded 1.2% on September 16 to close near $1.30, after swinging between an intraday low of about $1.25 and a high above $1.31. It has since stabilised around $1.30, but remains about 10% lower over seven days. The Fed raised rates by 25 basis points to 3.75%–4% on Wednesday, its first increase since 2023, while saying inflation remains elevated. The Senate's failure to advance the CLARITY Act added a second shock.

Failed cloture delayed a statutory framework while existing XRP access remained intact and post-vote fund demand stayed unmeasured.

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Bitcoin (CRYPTO: BTC) dropped below $76,000 as Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) and XRP (CRYPTO: XRP) struggle to hold key levels after the Senate failed to advance the CLARITY Act and the Federal Reserve raised interest rates by 25 basis points. Cryptocurrency market analyst Ray Salmond said that the legislative “setback” is unlikely to derail crypto's broader growth and adoption.

Solana is rolling out some of its most significant performance upgrades as network activity reaches record levels. The blockchain is increasing how much data applications can pack into individual transactions while also shortening the interval between successive slots, expanding both transaction capability and network responsiveness.

Bitcoin Core 32.0's enhancements could significantly lower entry barriers for new nodes, fostering broader network participation and resilience. Bitcoin Core 32.0 targets speed and security fixes ahead of October 10 release.

The CLARITY Act failed in Washington. Bitcoin's deeper verdict may arrive through ETF flows.

Bitcoin falls after the Fed raises rates by 25 basis points to 3.75% - 4.00%, with another 2026 hike projected as crypto faces regulatory pressure.
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The Fed raises rates by 25 basis points to 3.75% - 4% in its first hike since July 2023 as Bitcoin holds near $75,700.