Bitcoin has recently reached a new peak, coming close to $100,000. This surge in value has been attributed to the election victory of Donald Trump, who has shown support for cryptocurrencies.

The cryptocurrency market is currently optimistic, especially with the expected resignation of Gary Gensler, the Chair of the US Securities and Exchange Commission. Many believe that this change in leadership could result in a more favorable regulatory environment for digital assets.

However, altcoins have not experienced the same level of growth as Bitcoin during this period. While there has been some increase in investment in altcoins, the aftermath of the 2021 crypto bubble continues to impact the broader cryptocurrency sector. Investors are proceeding with caution as they navigate the changing landscape of cryptocurrency regulation and market dynamics.