XRP Hits All-Time High, Boosted by U.S. Cryptocurrency Bill Passage

The cryptocurrency XRP recorded a surge of over 13.4% on the 18th, reaching $3.50 and surpassing its previous all-time high of $3.40.

Its market capitalization has exceeded $205 billion, overtaking the stablecoin USDT (Tether) to become the third-largest cryptocurrency (data referenced from CoinGecko).

The rise was influenced by several factors, including this week's U.S. House 'Cryptocurrency Week' bill discussions and Bitcoin's record-breaking performance.

The 'CLARITY Act', aimed at clarifying the digital asset market in the U.S., was passed today by a vote of 294 to 134. This has clarified the regulatory powers of the SEC and CFTC...