While altcoins have seen increasing inflows this month amid Bitcoin’s record-breaking rally, the shadow of the 2021 crypto bubble still hangs over much of the sector.
Bitcoin reached an all-time high just shy of $100,000 on Friday before pulling back from the milestone. The largest token by market value has surged since the presidential election victory of Donald Trump, who touts himself as pro-crypto, and the announced resignation of US Securities and Exchange Commission Chair Gary Gensler, as the industry anticipates a more friendly regulatory environment.
