XRP Leads Broad Crypto Gains Ahead of Senate Vote and Fed Rate Decision

Bitcoin climbed 2.3% to $79,164, setting its session high in New York, as the broader crypto market rallied ahead of two key U.S. events: a Senate vote on the CLARITY Act and a Federal Reserve rate decision.

Market Overview

CoinGecko data shows Bitcoin up 2.3% over 24 hours, while Ether rose 1.3% to $2,541.82. XRP posted the strongest gain, up 7.7% to $1.46, and Solana and BNB added 2.4% and 0.9% respectively. Overall crypto market value reached $2.773 trillion, up 2.3% in the day, with bitcoin dominance at 57.2%.

Legislative and Monetary Events

The Senate will vote at 2:15 p.m. ET on Tuesday, September 15, 2026, on cloture for H.R. 3633 (the CLARITY Act). The motion requires 60 votes to proceed. The Federal Open Market Committee meets Wednesday, September 16, with prediction‑market traders pricing a 0.25 percentage‑point rate hike at 85.5% probability.

Trader Sentiment

Polymarket priced the CLARITY Act becoming law in 2026 at 29.5% and a Fed quarter‑point increase at 85.5% on the day of reporting. The Crypto Fear & Greed Index slipped to 57, indicating a shift toward neutral sentiment.

Asset‑Specific Moves

• XRP: Largest gainer among the top ten tokens, trading $3.15 billion in 24 hours and reaching $1.4688 on Coinbase.
• Zcash: Market value hit $20.13 billion with $1.26 billion of daily volume; its ETF recently launched.
• Bitcoin ETFs: Recorded a fourth consecutive day of outflows, totaling $462.7 million over the week.
• Ether ETFs: Saw inflows of $216.4 million on Friday, the largest single‑day inflow in the recent period.

Broader Market Context

Equities slipped, with the S&P 500 down 0.3% and the Nasdaq down 0.2%. Gold fell 1.3% to $4,351.10 per ounce. Crude oil retreated from an overnight spike, with WTI at $101.42 and Brent at $105.81.

DeFi and Stablecoins

DeFi total value locked remained flat at $88.51 billion, while stablecoin supply held at $311.67 billion, showing little correlation with the price moves.