According to recent data from TradingView, Bitcoin has reached a new all-time high following the election victory of Donald Trump. This surge in Bitcoin’s price is echoed across the market, with numerous altcoins experiencing significant gains. However, it’s noteworthy that Bitcoin’s dominance has seen a decline, with its dominance index (BTC.D) falling by over 2% in the last eight hours, now calculated at 59.77%. This shift suggests a growing diversification among crypto investors, who may be seeking opportunities beyond Bitcoin. Furthermore, it has been reported that Trump plans to remove SEC Chairman Gary Gensler on his first day in office, which could have implications for the regulatory landscape affecting cryptocurrencies. As the market reacts to this political shift, investors are advised to stay informed of potential changes in regulatory policies that could influence market dynamics.
