XRP price: Cluster of headwinds gang up on bitcoin and wider crypto market
Top cryptocurrencies nurse losses as regulatory picture sours. ETF flows and traditional markets offer little support.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
XRP price: Cluster of headwinds gang up on bitcoin and wider crypto market
Markets
Cluster of headwinds weigh on bitcoin. XRP teeters near $1
Top cryptocurrencies nurse losses as regulatory picture sours. ETF flows and traditional markets offer little support.
By
Omkar Godbole
Updated
45 min ago
Published
49 min ago
2
min read
Make
preferred on
Share
Share this article
Copy link
X icon
X (Twitter)
Make
preferred on
Top tokens face several headwinds. (Dimitris Vetsikas/Pixabay)
Summary
Show
Top cryptocurrencies nurse losses as regulatory picture sours.
Bitcoin ETFs are seeing outflows again.
Rising cost of capital also poses a headwind.
Some observers remain optimistic about yea-end price rally.
Bitcoin
BTC
$
62,920.00
is under pressure again while XRP (XRP) teeters near $1 amid a cluster of unfriendly developments over the past 24 hours.
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.
What prompted the pullback is concerns from both the White House and Wall Street over the proposal’s legal footing and potential impact on the market.
The bad news doesn't stop there. The SEC's parallel "Reg Crypto" effort to create fundraising rules for token projects
has been delayed as well
. The agency abruptly postponed Friday's planned open meeting on the matter, offering no new date.
MSCI, one of the world’s largest index providers, has opened a consultation proposing to remove non-operating companies from its equity indices,
naming Bitcoin holders Strategy and Metaplanet
among those targeted for deletion.
Fund flows aren't helping either. Spot bitcoin ETFs are bleeding again, with U.S.-listed funds shedding $333 million in net outflows so far this week. That reverses course from last week's $853 million of inflows, which had hinted at returning institutional demand. On a year-to-date basis, investors have yanked over $4 billion from these funds.
Meanwhile, adding to the pressure are Treasury notes, which underpin global finance. On Thursday, a $25 billion auction of the U.S. 30-year note
drew yields as high as 5.22%
, according to the Treasury Department, a level some dealers called the highest since 2001.
Rising long-term yields make capital costlier
and raise the opportunity cost of holding non-yielding assets like bitcoin, a dynamic that compounds an already shaky backdrop.
Taken together, stalled legislation, weak ETF demand and climbing yields suggest little room for an outright rally in cryptocurrencies, leaving majors such as XRP fragile.
The payments-focused cryptocurrency has somehow managed to hold on to the $1 support, which, if breached, could prompt holders to sell their coins. A large number of traders likely accumulated coins below this level in late 2024, anticipating a
That combination helps explain why XRP's grip on $1 and bitcoin's hold on its multi-week range both look increasingly fragile heading into the next session.
Observers continue to watch the broader market picture, anticipating a strong rally in the final months of the year.
“Fundamentals and price action are aligning: in July, the total crypto market outperformed the S&P 500 and Nasdaq‑100 by 7.5 percentage points and 14.2 percentage points, respectively,” Matt Mena, Senior crypto research strategist at
21shares
, said in an email.
“That sets the stage for a strong third quarter and a potentially explosive fourth, in which $100,000 bitcoin, $3,000 ether, $70 HYPE and $110 SOL all come into view,” Mena added.
Bitcoin News
XRP News
Related Assets
Bitcoin
$
62,920.00
1.39
%
Latest Crypto News
1
Bitcoin holders Strategy and Metaplanet face stock-index exclusion under MSCI’s new proposal
1 hr ago
2
JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT
2 hrs ago
3
U.S. SEC to again delay 'innovation exemption' for tokenization amid Wall Street, White House concerns
8 hrs ago
4
SEC cancels long-awaited proposal of Reg Crypto, postponing meeting without new date
9 hrs ago
5
Tether says it completed long-promised 'Big Four' audit of finances behind $180 billion USDT stablecoin
13 hrs ago
6
Trezor warns 14,000 customers after fulfilment partner suffers data breach
14 hrs ago
7
Crypto for Advisors: The crypto advice gap
17 hrs ago
8
B2C2 taps Schroders veteran to chase Asia’s growing crypto wealth
17 hrs ago
9
Kalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuation
17 hrs ago
10
Swissquote cuts full-year guidance as 1H crypto income plunges, shares slide
18 hrs ago
Latest Research
Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
By
CoinDesk Research
Jun 30, 2026
Commissioned by
GenZcash
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters
:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
View Full Report
More From
Markets
Bitcoin holders Strategy and Metaplanet face stock-index exclusion under MSCI’s new proposal
JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT
Forecasts for $1 million bitcoin price likely look too ambitious, key ratio suggests
More From
Bitcoin
Bitcoin holders Strategy and Metaplanet face stock-index exclusion under MSCI’s new proposal
JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT
U.S. SEC to again delay 'innovation exemption' for tokenization amid Wall Street, White House concerns
Crypto
CD20
$1,727.86
CD20 down 1.13 percent
1.13%
BTC
$62,866.21
BTC down 1.32 percent
1.32%
ETH
$1,872.53
ETH down 0.82 percent
0.82%
XRP
$1.00
XRP down 0.71 percent
0.71%
SOL
$75.52
SOL down 0.79 percent
0.79%
Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinDesk. It is for informational purposes only and does not constitute investment advice.
Topics & Symbols
Continue Reading
Related Reading
Upbit Lists PROM with KRW and USDT Trading Pairs, Opening New Opportunities for Mid-Cap Tokens
Upbit announced the addition of PROM KRW and USDT trading pairs, with a market cap of approximately $43.5 million. This article analyzes the significance, project background, and market impact for investors.
SEC Prepares Major Crypto Plan as Clarity Act Stalls: What It Means for Markets
As the Clarity Act remains gridlocked, the SEC is reportedly preparing a significant crypto regulatory plan. This article analyzes potential new rules covering DeFi, stablecoins, and exchanges, market reactions, and the global competitive pressures shaping U.S. oversight.
Binance Launches DOSUSDT Perpetual Contract: Market Impact and Investment Strategy Analysis
Binance announced the listing of the USDⓈ-M DOSUSDT perpetual contract on August 11, 2026. This article analyzes the announcement background, market reactions, and investment risks to help investors seize opportunities.
Ireland Plans Industry Standards for Illicit Crypto Use
The strategy prepared by the Irish government’s finance department included industry standards on crypto used for gambling and strengthening AML/CFT measures in certain cases.
