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Crypto

XRP Price Plunges on Regulatory Uncertainty and Hawkish Fed

Guavy AI Editorial Team
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BTC XRP
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XRP's price fell to $1.065 on August 1st as investors remain cautious amid regulatory uncertainty and weakness in the broader cryptocurrency market.

The delay of the US Senate's consideration of the CLARITY Act has reduced investor optimism, while the Federal Reserve's hawkish outlook continues to pressure risk assets.

Weakness in Bitcoin and other major cryptocurrencies has spilled over into the altcoin market, with XRP coming under selling pressure as a result.

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