#2024withBinance It is worth noting that the cryptocurrency market grew by $1.21 trillion in November alone, making this month the most optimistic in the history of cryptocurrencies. Last November's growth began with a noticeable Bitcoin rally following Donald Trump's victory in the recent presidential election in the United States. Thanks to the price surge, the first cryptocurrency rose by about 50% in November and reached a new all-time high of $99,800.

Despite Bitcoin's achievements in November, altcoins dominated the cryptocurrency market during the same period. Bitcoin's dominance fell from 61.53% at the beginning of November, ending the month at 57.24%. The metric continued to move in the same direction, holding a value of 55.85% at the time of writing.

At the same time, cryptocurrency market analysts are comparing the rapidly growing total market capitalization with the decreasing dominance of Bitcoin to assess the growing influence of altcoins in the current bull cycle. Given the early surge of Bitcoin and the prevailing altcoin rally, cryptocurrency traders are observing signs of new rallies.$TRX $HBAR $SCR