"Within an hour of the approval, Bitcoin ( ) moved to around $81,500, while XRP ( ) broke through the $1.44-$1.45 resistance zone to trade at $1.50 before falling back to $1.46. With two weeks left in May, traders are watching whether both assets can sustain momentum and push even higher before the month's end."
"Bitcoin has not faced the same level of regulatory uncertainty as XRP. Instead, most pro-crypto policy developments around BTC have focused on institutional acceptance and ETF approval. Another major milestone was in March 2025 when the U.S. government announced its creation of a Strategic Bitcoin Reserve. During that period, Bitcoin traded between $80,000 and $90,000 before rallying to $110,000 by late May and hitting its $126,000 ATH by October."
"In March 2026, a joint SEC and CFTC statement classified Bitcoin, XRP, and fourteen other cryptos as digital commodities rather than securities. After this announcement, Bitcoin traded $72,000-$74,000, while XRP moved $1.44-$1.54 that same day. Overall, XRP reacts more to pro-crypto regulatory developments than Bitcoin, but the real question is whether history will repeat itself as the CLARITY Act moves to the Senate floor."
"Since the CLARITY Act cleared the Senate Banking Committee, Bitcoin's reaction has been measured rather than explosive, trading mostly between $80,500 and $81,500. The market hasn't entered a full repricing cycle, and historically, developments like this typically take months to fully price into Bitcoin."
Bitcoin rose to around $81,500 within an hour of approval, while XRP broke above the $1.44–$1.45 resistance zone to trade near $1.50 before dropping back to $1.46. Traders with two weeks left in May are monitoring whether both assets can maintain momentum and move higher by month-end. Bitcoin’s regulatory backdrop has been more focused on institutional acceptance and ETF approval, including a March 2025 Strategic Bitcoin Reserve announcement that preceded a rally from $80,000–$90,000 to $110,000 and later an all-time high of $126,000. In March 2026, a joint SEC and CFTC statement classified Bitcoin and XRP as digital commodities, after which Bitcoin traded $72,000–$74,000 and XRP moved $1.44–$1.54. XRP tends to react more strongly to regulatory developments than Bitcoin, and the CLARITY Act’s progress is a key factor for expectations.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]