Generally, when Bitcoin experiences strong growth like today, altcoins often cannot keep up and have to wait to catch up later. However, the reason why today is different is that this price increase stems from the election results.

The market has been in a state of suspension, indecisiveness, and ambiguity for the past month, which is not an ideal environment for altcoin growth, especially in a market with no clear trend – or a strong bull market.

Notably, Trump's victory has provided a significant boost, helping the market regain confidence. Altcoins benefit significantly from the prospect that regulations will become clearer and more manageable for cryptocurrencies.

Regarding BounceBit: If we can overcome this important resistance level, everything will be fine. The 99-day pattern shows clear signs of recovery and $BB is experiencing a strong rebound. If you zoom in, you'll notice a positive change.

The upcoming regulations will also have a major impact on BounceBit's CeDeFi and the asset management behind this platform. Therefore, this needs to be noted. If the regulations turn out to be favorable – especially if Trump is re-elected – this will increase confidence in the future of BounceBit and CeDeFi in general. Ethena $ENA will also be similarly affected, and that is why it has seen strong growth today. Long-term vision projects like this will certainly have to comply with regulations in the future.