The article discusses the upward momentum in the cryptocurrency market, particularly focusing on Bitcoin nearing the significant $100,000 benchmark as of recent trading. Bitcoin's increase comes amid rising interest in alternative cryptocurrencies (altcoins), which have outperformed BTC, indicating a capital rotation. This shift may be influenced by anticipation of regulatory changes following the scheduled departure of SEC Chair Gary Gensler on January 20, coinciding with Donald Trump's inauguration. With expectations of a more favorable regulatory environment towards altcoins, notable tokens such as Solana and Cardano have also seen substantial gains. Additionally, decentralized exchanges (DEXs) are experiencing unprecedented trading volumes, reflecting trader confidence in the upcoming regulatory shift. Overall, there is optimism about the potential for a bullish market move in the crypto space as new leadership could facilitate broader access to investment in smaller tokens.

Source 🔗