The post Bitcoin (BTC) Nears $100K, and Altcoins Surge as SEC Confirms Gensler’s Exit appeared on BitcoinEthereumNews.com.

It has been a bullish day for cryptocurrencies after the SEC announced that its chairman, Gary Gensler, will resign on January 20, 2025, the same day Donald Trump begins his second term as President. Bitcoin (BTC) now nears the crucial $100,000 mark, and altcoins have surged following the announcement.  It’s been a bullish day for Bitcoin (BTC) and some of the top altcoins such as Ripple (XRP), Solana (SOL), and Cardano (ADA) after Gary Gensler, chair of the SEC, announced his departure from the role on the same day President-elect Donald Trump begin his second term. The market reacted favourably to the news, with altcoins including Ripple (XRP), Solana (SOL), and Cardano (ADA) making notable gains. BTC surged to a new ATH of $99,502 and will likely soon reach the critical $100,000 level.  The news of Gensler’s upcoming resignation fostered renewed optimism in the market, leading to incredible price runs for altcoins. Join us as we delve into today’s top gainers and explore Husky Inu (HINU), the latest Solana-based memecoin with incredible profit opportunities.  Ripple (XRP) Rallies as Gensler Plans to Step Down Ripple (XRP) has witnessed one of its best trading days, and its price gained over 25% after news of Gensler’s planned exit surfaced. Ripple Labs has been embroiled in a highly publicized legal battle with the securities agency for which Ripple paid a hefty price. In 2020, the regulator sued Ripple for its supposed breach of securities laws, resulting in many exchanges, such as Coinbase, Kraken, Bitstamp, and Gemini, choosing to delist XRP. Ripple finally found some relief after a partial victory in 2023 brought an end to the SEC’s 3-year-long crusade against the company. The Southern District of New York Court delivered a partial victory to Ripple in its matter with the SEC after Judge Analisa…

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Filed under: News - @ November 23, 2024 2:17 am