Bitcoin has experienced a significant surge in November 2024, marking its largest monthly price rise in history with an increase of $26,267. This surge has led to a notable shift in market dynamics, with Bitcoin's dominance dropping from a high of 61.75% on November 21 to 57.41%. The decline in Bitcoin dominance has sparked discussions about the onset of an 'altcoin season,' where alternative cryptocurrencies like XRP, Stellar (XLM), and Decentraland (MANA) have seen triple-digit gains. Grayscale's cryptocurrency portfolio, driven by these altcoins, has increased by over 85% in market value during the same period. Analysts speculate that Bitcoin could hit $100,000 soon, with some suggesting it might happen this week, as the cryptocurrency enters a price discovery phase, reminiscent of previous cycles where significant gains were observed. Bitcoin ETF inflows have reached record levels, signaling growing confidence in the market.