# Altcoin Szn Incoming?

*Author: Bankless*
*Published: Nov 21, 2024*
*Source: https://www.bankless.com/read/altcoin-szn-incoming*

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Altcoin Szn Incoming?
    
  

  
  Published on Nov. 21, 2024

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Gone, Gensler, Gone
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-14--59-.png)](https://www.bankless.com/dashboard)- 📈 **Gary Gensler to Resign as SEC Chair**. Crypto's least favorite regulator announced [plans to step down](https://www.bankless.com/read/sec-gensler-to-resign) on January 20, 2025, coinciding with Trump's inauguration.
- 🤔 **SEC Engages with Solana ETF Applications**. The SEC is now actively reviewing [spot Solana ETF proposals](https://www.bankless.com/read/sec-solana-etf-applications) from issuers like VanEck, 21Shares, and Bitwise, signaling broader interest in crypto ETFs beyond Bitcoin and Ethereum.
- 💧 **Sui Network Experiences First Major Outage**. Sui Network, the up-and-coming Layer 1 blockchain, suffered a [2-hour outage](https://www.bankless.com/read/sui-network-outage) due to a bug in transaction scheduling logic, halting block production.

.  .  .

 
  
    

    MARKET VIBES

  
  
Bitcoin Flirts with $100k
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Bitcoin traded above $99,000 for the first time ever this morning, putting it within unprecedented reach of the $100k milestone. Over the years, many people scoffed at the idea that the BTC price could go this high, so nearing this major milestone is a validating testament to Bitcoin's resilience and the growing recognition of its potential in global finance. 

Prices as of 3pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.25t
       

  
    
    ↗ 4.5%
    
  

   
    
    ↗ 12.5%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $98,119
       

  
    
    ↗ 4.3%
    
  

   
    
    ↗ 11.6%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,354
       

  
    
    ↗ 9.0%
    
  

   
    
    ↗ 8.1%
    
  

       ![](https://assets.coingecko.com/coins/images/51871/standard/_.png?1732095727)
    

  **ANON**
   
          $0.044
       

  
    
    ↗ 299%
    
  

   
    
    ↗ 228%
    
  

  

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🕵️**New Token Rating: **Vitalik Buterin just made his first confirmed purchase of a Base token. Should you follow in his footsteps and ape, **ANON**?[Unlock ANON on Token Hub](https://www.bankless.com/tools/token-hub/anoncast)

.  .  .

 
  
    

OPINION

  
  
    
Incoming Altcoin Szn? The BTC Dominance Bear Case
  
  
   
     
     Bankless Author: 
     
       [
       
        Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/image---2024-11-21T124131.994-2.png)](https://www.bankless.com/read/btc-dominance-bear-case)**Are altcoins about to make a huge comeback against BTC? **

Bitcoin dominance has surged to 60% in the wake of FTX’s collapse, but Donald Trump’s embrace of crypto has investors buzzing about a potential landscape shift here. 

With promises to move on from SEC Chair Gary Gensler, establish America as a crypto capital, and even amass a national Bitcoin reserve, Trump’s pro-crypto agenda could pave the way for regulatory relief and fresh optimism. 

*Could these efforts spark an altcoin resurgence like we saw in 2017? For today's post, let's dig into why BTC dominance might not hold under the upcoming Trump administration*! 👇

[Read More on Bankless.com](https://www.bankless.com/read/btc-dominance-bear-case)
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