[LIVE] BNB price Reaches A New ATH Ahead Of Ethereum And SOL As BTC Momentarily Approaches $120,000

Binance’s founder Changpeng “CZ” Zhao has highlighted CoinMarketCap’s Alternative coin Season Index, which has increased from 16 to 51 over the last month, possibly indicating the onset of an altcoin rally. “Not certain how reliable it is, but it’s on the rise. BUY PANIC season is approaching…” CZ tweeted on X.

The index assesses the performance of the top 50 altcoins against Bitcoin over a 90-day timeframe, excluding stablecoins and wrapped tokens. A score exceeding 75 usually signals the beginning of a full altcoin season.

Recent performance metrics align with historical patterns. Ethereum has increased by 110% in the past 90 days, while meme coins such as BONK (+148%) and FLOKI (+119%) have surged. Smaller crypto market caps like PENGU have skyrocketed over 500%, showcasing a growing interest in riskier investments.

Meanwhile, Bitcoin’s dominance has seen a significant decline (from nearly 66% to below 61%): its lowest level since March. This shift often signifies a phase where capital flows into altcoins.

Though some analysts argue that key cyclical indicators haven’t yet activated, rising altcoin momentum alongside decreasing Bitcoin dominance suggests a change in crypto market sentiment could already be in motion.

Is it within Trump’s power to remove Jerome Powell, and would this be advantageous for BTC ▼-0.43%? President Donald Trump continues his conflict with Federal Reserve Chair Jerome Powell this week, launching new criticisms while keeping open the possibility that Powell may serve through his term, which lasts until May 2026.

Addressing the press on Tuesday, Trump focused on Powell’s strategy regarding interest rates.

“It’s too late. He’s perpetually behind the curve,” Trump stated, his tone tinged with frustration. “Rate reductions should have already occurred.”

Mr. Jerome, you need to make the cuts tonight, or we are all at risk, is the message. When asked about the possibility of terminating Powell directly, Trump replied with a sharp comment: “His time is running out fast.”

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As BTC continues to struggle with persistent barrier level just below the $120,000 threshold, smaller altcoins are capturing attention, especially PENGU.

After touching $123,000 last week, BTC has had difficulty maintaining those gains, dropping to $116,000 before bouncing back to the $119,000–$121,000 range. Several unsuccessful attempts to break past $120,000 have prompted profit-taking, keeping BTC relatively stable for now.

In contrast, the non-BTC crypto trading market is witnessing increased momentum. Among today’s most notable gainers is PENGU, which has risen over 20% in the last 24 hours, outperforming leading gainers like BNB. This price increase signifies one of PENGU’s most robust rallies this cycle, indicating a growing interest from traders shifting to high-risk, high-reward assets while Bitcoin continues to consolidate.

While BNB is making headlines with a new all-time high surpassing $800, up 300% from its lows in 2023, PENGU’s rise reflects the increasing enthusiasm for meme coins that capture public interest. In a market constantly on the lookout for the “next big opportunity,” PENGU’s rapid ascent suggests that retail excitement is far from waning.