Altcoin season is heating up as bitcoin's dominance fell more than 2% in the 8 hours after Trump's election victory

Bitcoin's (BTC.D) dominance has gone south, falling more than 2% in just eight hours and now standing at 59.77%, according to TradingView data provided by BlockBeats. The drop came after former President Donald Trump secured a winning comeback in the U.S. election, leading to another record high for bitcoin and fueling interest in altcoins. Many are now wondering if this could signal the start of the "altcoin season".