PANews reported on November 30 that according to Cointelegraph, crypto analyst Mikybull Crypto said that Bitcoin's dominance in the crypto market has fallen to 56.1%, below its two-year support line, which may indicate that the market has "officially entered the altcoin season", because the decline in Bitcoin's dominance means that investors are taking profits from their BTC positions and investing part of their funds in altcoins.

Crypto market demand for Ethereum exchange-traded funds (ETFs) has grown more than 160% since Trump’s victory, further supporting analysts’ expectations that Ether will rise above $4,000.