**Crypto Market Update: Altcoin Season on the Horizon**

Bitcoin's dominance in the crypto market has dipped to 56.1%, signaling the onset of "altseason," where altcoins may rally as investors shift focus from Bitcoin. This trend suggests a potential surge in smaller cryptocurrencies like Ether, which has seen a 160% increase in demand for leveraged ETFs since Trump's 2024 election win.

XRP, the sixth-largest cryptocurrency, could rise to $2.57 by December 2024, according to Bitget Research's Ryan Lee. The upcoming departure of SEC Chair Gary Gensler on January 20, 2025, might further boost crypto markets, potentially easing regulations and increasing ETF approvals.