BNB Hits New ATH at $800 as Altseason Index Holds Above 50 – Is Altseason Finally Here?
Main Idea
BNB reached a new all-time high of $800 as the Altseason Index climbed to 51, signaling potential altcoin season while Bitcoin dominance declined.
Key Points
1. BNB hit a new all-time high of $800, with the Altseason Index rising to 51, though it remains below the 75 threshold for an official 'altseason'.
2. Bitcoin dominance fell 5.8% weekly to under 61%, marking its lowest point in recent months.
3. The total cryptocurrency market cap surged from $3 trillion to $3.8 trillion in three weeks, with Ethereum gaining 110% and meme coins like BONK and FLOKI posting significant gains.
4. Historical trends suggest Bitcoin dominance may continue declining, with projections for 2025 around 65-67%, indicating a potential altcoin season.
5. BNB's breakout aligns with Phase 2 of market cycles, where established altcoins like Ethereum and layer-1 platforms gain momentum.
Description
Binance Coin ( BNB ) reached a new all-time high of $800 as the Altseason Index climbed to 51, prompting Binance founder Changpeng “CZ” Zhao to predict that “FOMO season” may be approaching amid growing evidence of capital rotation from Bitcoin into alternative cryptocurrencies. The milestone coincides with Bitcoin dominance falling 5.8% in one week to under 61%, marking its lowest point since March and steepest decline since June 2022. Source: CoinMarketCap The metric had peaked near 66% at mon...
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