According to ChainCatcher, Bitcoin's dominance in the crypto market has recently dropped to 56.1%, falling below its two-year support line. Crypto analyst Mikybull Crypto pointed out that this change may mark the market entering the "altcoin season", a period when investors profit from Bitcoin and turn to altcoins.

At the same time, demand for Ethereum exchange-traded funds (ETFs) has surged by more than 160% since Trump's victory. This trend supports analysts' optimistic expectations that the price of Ethereum will break through $4,000. Market capital flows show investors' interest in diversifying their portfolios, which may drive further development of the altcoin market.