The How to buy meme coins on Coinbasedigital asset market witnessed a $160 billion valuation spike this week, pushing total capitalization beyond $3.2 trillion for the first time since mid-November.
Market participants appear to be rotating capital into altcoins, evidenced by Bitcoin's dominance metric dropping 0.66% during the rally.
Regulatory Catalyst: How Gensler's Departure Is Reshaping Crypto Markets
The impending January 20 departure of SEC Chair Gary Gensler has triggered substantial buying activity across previously embattled digital assets.
Market observers note particular strength in projects that faced regulatory scrutiny under the current administration, including Solana, XRP, and Binance Coin.
XRP demonstrated remarkable volatility, spiking 12.7% intraday to briefly touch $1.20 before settling around $1.18 at press time.
Technical analysts highlight that approximately 80% of XRP's daily gains occurred within four hours of the SEC leadership announcement.
Solana's native token SOL climbed 10.3% to approach its all-time high at $259.80, demonstrating continued institutional interest.
BNB reversed recent losses with a 5% rebound to $629, showing resilience despite ongoing regulatory discussions surrounding its parent exchange.
Whale Watch: Institutional Accumulation Points to Continued Bitcoin Strength
Bitcoin continues its record-setting performance, notching another all-time high at $98,988 amid sustained institutional demand.
Blockchain analytics reveal that entities holding 19,000+ BTC (worth ~$1.9B) have maintained net positive inflows for twelve consecutive trading sessions.
These large holders absorbed 128,448 BTC ($21.2B) since November 9, creating significant supply pressure on exchanges.
Market structure analysts suggest this persistent accumulation could propel BTC past the psychologically significant $100,000 threshold in coming sessions.
Industry Developments: Traditional Finance Embraces Digital Assets
Charles Schwab's incoming CEO confirmed plans to introduce spot crypto trading pending regulatory clarity, signaling growing institutional acceptance.
The brokerage giant currently offers crypto derivatives but intends to expand services as policy frameworks evolve under the new administration.
MicroStrategy secured $3B in convertible notes to continue its aggressive Bitcoin acquisition strategy, bringing total holdings to 331,200 BTC ($32.7B).
The business intelligence firm maintains a 97% unrealized gain on its digital asset position despite recent price appreciation.
Trump Media & Technology Group filed trademark applications for "TruthFi," potentially signaling cryptocurrency payment integration across its media platforms.
This development follows reported acquisition talks with established crypto platform Bakkt, suggesting accelerated adoption in political and media circles.
