Bitcoin Market Dominance Declines Amid Rising Crypto Market

According to BlockBeats, recent data from TradingView indicates a decline in Bitcoin's market dominance, which has fallen to 56.75%. This marks a decrease of 8.15% from its peak during the current bull market on November 21, when it stood at 61.78%. In addition, since November 5, the total market capitalization of cryptocurrencies excluding Bitcoin (TOTAL2) has experienced a significant upward trend. After reaching a low of $856.1 billion on November 5, the market has surged approximately 70%, currently standing at $1.46 trillion. This increase highlights the growing interest and investment in alternative cryptocurrencies as the market continues to evolve.