Cryptocurrency markets saw a significant boost as Ripple’s XRP surged 10% on January 20, while Bitcoin and Solana hit new peaks. The rally followed an announcement of SEC Chair Gary Gensler’s resignation, stirring optimism among investors. Market analysts interpret Gensler’s exit as a potential pivot in regulatory policy, sparking fresh confidence across digital assets.
Bitcoin climbed to $41,000, reaching levels unseen in over two years, while Solana surged past $30, reclaiming its bullish momentum. Ripple’s price movement added to the excitement, reflecting broader sentiment shifts tied to regulatory developments. Despite lingering market risks, crypto enthusiasts view Gensler’s resignation as a turning point for a more favorable regulatory environment.
