Bitcoin Dominance Drops to 56.75%, Altcoin Market Cap Surges Unilaterally by Nearly 70% in November

BlockBeats News, December 2nd, according to TradingView data, Bitcoin's dominance rate (BTC.D) dropped to 56.75%, marking an 8.15% decline from the peak of this bull market on November 21st (61.78%).

Furthermore, since November 5th, the total cryptocurrency market capitalization excluding BTC (TOTAL2) has seen a one-sided uptrend. It bottomed at $856.1 billion on November 5th and has since risen by about 70%, now standing at $1.46 trillion.