Bitcoin has risen 129% so far this year, mainly driven by the results of the 2024 U.S. presidential election and the halving event in April 2024. Despite the rise in Bitcoin futures prices, Bitcoin's dominance is declining. On November 30, 2024, Bitcoin's dominance fell to 56.1%. This indicates that Bitcoin investors are taking profits and rotating into altcoins, suggesting that an altcoin season may be about to begin.