Shift to Altcoins Begins as Gensler's Departure Approaches

The crypto markets are witnessing significant shifts as Gary Gensler, the SEC Chair, is slated to exit his role by January 20, coinciding with President-elect Donald Trump's inauguration. This transition is anticipated to open doors for the approval of new investment products, particularly for smaller and riskier altcoins.

In recent trade, XRP surged dramatically, rising by 33% in a 24-hour span, while other main players like Cardano and Solana also flourished. The overall sentiment reflects optimism in regulatory changes that may favor altcoin staking and trading.

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Top Stories

• Bitcoin inches closer to the $100,000 mark with substantial resistance expected.
• XRP's rallies and speculation about new SEC policies are driving market sentiment higher.

Expect sharper movements in the altcoin market as regulatory clarity appears on the horizon.