XRP jumps 10% as crypto decouples from a choppy Wall Street

Crypto decoupled from a mixed Wall Street session on Monday, with XRP leading a broad rally on optimism that the Senate's revised, White House-backed CLARITY Act will clear a cloture vote on Tuesday. As of 18:58 UTC, XRP traded at $1.4771, up 10.1% from the day's 00:00 UTC open of $1.3412 — easily the session's standout mover. Bitcoin added 3.1% to $79,222 (from $76,842) and ether rose 2.5% to $2,540, outperforming a stock market still weighed down by the weekend's AI-slowdown warnings from Anthropic and OpenAI leadership.

Markets

The Dow Jones Industrial Average rose 1% to close at 52,573.29, helped by rotation into value and industrial names. The Nasdaq Composite fell 0.35% to 26,242.04 and the S&P 500 slipped about 0.3% to roughly 7,633, dragged by chipmakers — Nvidia, AMD, Micron and Marvell all fell between 2.5% and 8% — as the AI-slowdown essay from Anthropic's Dario Amodei, echoed over the weekend by OpenAI's Sam Altman and xAI's Elon Musk, continued to weigh on the AI trade into a second session.

European indices were little changed. The FTSE 100 was the session's early bright spot, the only major index in the green at the open, before finishing down 0.1% at 10,833. The DAX fell 0.2% to 26,331, the CAC 40 fell 0.5% to 8,675, and the Stoxx 600 fell 0.2% to about 659.

Commodities

Oil pulled back sharply from last week's Hormuz-driven spike: Brent crude fell 2.8% to settle at $104.61/bbl, and WTI fell 2.4% to $100.05/bbl. Gold eased to about $4,280/oz, down roughly 1.2% on the day and off last week's highs above $4,400, as some of the safe-haven bid unwound.

Crypto

Bitcoin traded at $79,222 as of 18:58 UTC, up 3.1% from the day's 00:00 UTC open of $76,842. Ether rose 2.5% to $2,540. SOL added 4.4% and DOGE added 3.2%, but XRP was the standout, up 10.1% to $1.4771.

On the regulatory side, the Senate's CLARITY Act — a revised market-structure bill with White House-backed concessions — faces a cloture vote on Tuesday, September 15. Passage would codify into statute the classification bridge currently governing how crypto assets are treated, a particularly significant development for XRP given Ripple's long-running history with the SEC; anticipation of a favorable outcome appears to have driven much of Monday's altcoin bid. Separately, Fed-funds futures price an 87–100% probability of a 25bp hike at Wednesday's FOMC decision, which would take the target range to 3.75–4.00% — the first hike since 2023 — following August's hotter-than-expected core CPI.

What it means for crypto trading

Monday's session showed crypto trading on its own catalyst — regulatory optimism around the CLARITY Act — rather than following equities or rate expectations. That decoupling is the thing to watch: a cloture-vote setback Tuesday or a hawkish surprise at Wednesday's Fed decision could reconnect crypto to the risk-off mood currently weighing on tech stocks.

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