Bitcoin rebounded above $64,000 after briefly falling below $62,800, recovering from a $3,000 decline triggered before the closely watched FOMC meeting. XRP, ADA, Ether, UNI and other large-cap tokens posted gains, although NEAR, LTC and ZEC remained under pressure during the broader market recovery. BEAT surged 35% and PI gained 5.
The South Korean cryptocurrency market continues to strengthen its infrastructure for assets within the Ripple ecosystem. Today, Bithumb, the country's second-largest exchange, officially launched spot trading for Ripple's new regulated stablecoin, Ripple USD (RLUSD), against the Korean won (KRW).
XRP gained 3% to trade at $1.08 on July 29, as discussion surrounding the CLARITY Act intensifies ahead of the potential August 3 vote that could shape the digital asset's short-term price direction.