Bitcoin, Ethereum, XRP, Dogecoin Gain After BTC Reserve Bill Advances: Analyst Says He's Not 'Panicking'

The XRP Ledger will undergo a protocol upgrade on September 29, 2026, at 14:06:41 UTC, known as BatchV1_1. This amendment introduces a new transaction type that bundles multiple transactions. Users with XRP on exchanges or in custodial wallets need not take action, but node operators must update their software to avoid being dropped from the network. The amendment requires approval from over 80% of validators for two weeks before activation.

Coinbase (COIN), MicroStrategy (MSTR), and Robinhood (HOOD) stocks rose despite the U.S. Senate's rejection of the Clarity Act, which aimed to regulate digital assets. IBIT, a Bitcoin ETF, fell 0.2%, while SPY, an S&P 500 ETF, gained 0.35%. The regulatory focus now shifts to the SEC, CFTC, and the Fed's decision.

The crypto market rebounded after the Federal Reserve's expected 25-basis-point rate hike, with Bitcoin recovering above $76,000. Analyst Crypto Dan noted falling Bitcoin UTXOs in loss, suggesting reduced risk of a bear cycle. Major cryptocurrencies like Ethereum and BNB also saw gains, while others like XRP and Dogecoin declined. The Fed's decision was largely anticipated, minimizing market shock. Total market capitalization rose to about $2.62 trillion, with varied performance across assets.

Bitcoin's price dropped after the Senate failed to advance the CLARITY Act and the Fed raised rates. Santiment noted a shift from extreme FOMO to neutral sentiment. CryptoQuant reported a rising Bitcoin hashrate, which may support price trends, though the relationship is complex.

The CLARITY Act failed in the Senate with a 49-50 vote, falling short of the 60 needed for passage. XRP dropped 7.98% to $1.29, while Bitcoin fell 1.42% to $75,924. Coinbase and Circle shares declined 8% and 11% respectively. The act's failure leaves regulatory uncertainty for cryptocurrencies, with their values now dependent on SEC initiatives and market conditions.

BitMine Immersion Technologies Inc. (BMNR) stock rose 4.89% on September 17, 2026, trading in the mid-$20s. The company holds $14.9–$15.8B in crypto, cash, and equity stakes, including 5.85–5.93M ETH (4.8–4.9% of supply). Analysts set price targets at $30 (B. Riley) and $63.60 (Cantor Fitzgerald), citing Ethereum's potential recovery. BMNR's revenue is $6.1M with negative profit margins but strong liquidity.