$BNB Binance Coin (BNB) has broken past the $800 mark for the first time, setting a new all-time high and surpassing Solana (SOL) in market capitalization. The surge comes amid a broader crypto market rally, with Bitcoin (BTC) trading at $118,600, up 1.3% over the past 24 hours, and Ethereum (ETH) holding steady above $3,700. Meme coin Pudgy Penguins (PENGU) continues its momentum, soaring over 40% in the past week and gaining another 21% in the last 24 hours to trade at $0.04512.

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CoinMarketCap’s Altcoin Season Index surged from just 16 a month ago to 51 this week.

However, it remains below the 75 threshold that signals an official “altseason,” when at least 75 of the top 100 altcoins outperform Bitcoin over 90 days.The total cryptocurrency market capitalization surged from $3 trillion to $3.8 trillion over three weeks, with Ethereum gaining 110% during the same 90-day period.

Meanwhile, meme coins like BONK (+148.7%) and FLOKI (+119.1%) posted triple-digit returns.

In fact, lower-cap projects, including PENGU, recorded gains exceeding 500%.

Technical analysis suggests Bitcoin dominance may be approaching cyclical highs around 65-67%, following a declining trend from 97% in 2017 to 73% in 2021.

The pattern indicates that each successive cycle sees Bitcoin maintaining a smaller market share at peaks, potentially setting the stage for sustained altcoin outperformance through 2025.#ETH