
XRP Plunges Over 10% in Widespread Cryptocurrency Sell-Off
XRP experienced its most significant single-day percentage drop in several months, falling over 10% amid a wider market downturn that also pulled Bitcoin and Ethereum lower.
Section
The latest crypto coverage from the TrustFinance editorial desk.

XRP experienced its most significant single-day percentage drop in several months, falling over 10% amid a wider market downturn that also pulled Bitcoin and Ethereum lower.

SEC Chair Gary Gensler has pledged to press forward with regulatory actions against the cryptocurrency industry using the agency's current powers, following the failure of a key digital asset bill to advance in the U.S. Senate.

The Solana-based perpetuals exchange now allows traders to use SOL as margin for their positions, removing the need to convert the token to stablecoins before trading.

Securities and Exchange Commission Chairman Paul Atkins has announced the agency will proceed with crypto-asset regulation under its current legal powers following the legislative failure of the CLARITY Act in the Senate.

The cryptocurrency exchange has lowered volume thresholds and reduced spot trading rates for users on its Coinbase Advanced platform, aiming to attract more active traders globally.

The price of XRP fell sharply after the CLARITY Act failed a key procedural vote in the U.S. Senate, erasing a 'regulatory premium' that had built up in anticipation of clearer rules for digital assets.

Institutional crypto platform BASIS.pro is expanding into real-world assets and AI-powered finance through new partnerships, while also launching an automated reward restaking feature for its users.

The price of Bitcoin fell after the U.S. Senate narrowly voted against a key cryptocurrency regulation bill. Broader market caution ahead of an anticipated Federal Reserve interest rate hike also contributed to the downturn.

XRP experienced its largest single-day percentage loss since February, dropping more than 10% as part of a widespread downturn that also saw declines in Bitcoin and Ethereum.