TechFlow news, on December 2, according to TradingView data, Bitcoin's market dominance (BTC.D) dropped to 56.75%, down 8.15% from 61.78% on November 21. Meanwhile, the total cryptocurrency market capitalization excluding Bitcoin (TOTAL2) has seen a one-way rising trend, increasing approximately 70% since November 5, currently standing at $1.46 trillion.
According to crypto.news, analysts pointed out that Bitcoin's dominance is approaching a break below its long-term support trendline. At the same time, Ethereum's dominance has also declined to 12.9%, while the dominance of other cryptocurrencies has risen from 28.1% last month to 31.5%. This may signal the arrival of "Altseason."
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