Bitcoin rose 9% compared to last week, but is still lower than the 17% increase after the US elections. The support of cryptocurrency-friendly politicians has driven the market, similar to previous news about Bitcoin ETFs.

Currently, chart patterns indicate that "altcoin season" is approaching as Bitcoin's dominance decreases significantly. BTC peaked at 62% on November 21, but then dropped to 59% as altcoins saw strong growth.

Altcoins like Stellar, Ripple, VeChain, and Polkadot have outperformed Bitcoin over the past week. Analysts predict that "altcoin season" may have already begun, with charts showing similarities to the Bitcoin cycle of 2020. 🚀