Bitcoin and XRP Stall as US Crypto Law Uncertainty Grows

Crypto markets hit a quiet patch on Monday. Bitcoin traded near $79,385 and XRP hovered around $1.40 after both assets lost their early gains. Traders are currently processing renewed uncertainty around United States crypto rules, specifically following the setback for the Clarity Act.

Attention is also shifting toward the upcoming Federal Reserve meeting scheduled for September 15 to 16. Market participants are watching interest rates, inflation expectations, and overall liquidity conditions closely to figure out the next major market direction.

Keep an eye on macro data and regulatory updates this week. Until the Federal Reserve makes its stance clear, expect rangebound trading for major assets like Bitcoin and XRP.