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Cryptocurrencies price prediction: XRP, Wall Street & Bitcoin – American Wrap 29 July
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FXStreet Forex & Commodities News
The United States (US) Digital Asset Market Clarity Act (CLARITY Act), awaiting a full Senate floor vote, promises to unlock Wall Street’s potential to tokenize financial assets, including equities, US Treasuries, private credit, real estate and commodities at a scale that could supercharge the real-world asset (RWA) market from the current $17 billion level to $5.5 trillion by 2030, according to a report by Citi Institute.
Ripple (XRP) holds modest gains, trading around $1.08 at the time of writing on Wednesday.
The remittance token mirrors the general neutral-to-bullish outlook in the crypto market, as focus shifts to the Federal Reserve (Fed) rate decision.
There are two main drivers for crypto this week, keeping Bitcoin trapped within its $58,000-$65,000 summer consolidation range.