
BNB Surpasses $1,100 All-Time High, Boosting Cryptocurrency Market Capitalization
The Binance exchange's native token has reached an all-time high, significantly impacting the overall cryptocurrency market value.
BNB has surged 6.5% today, reaching an all-time high of $1,112 during the early morning trading hours in Asia. This increase positions BNB as the top-performing asset, boasting nearly 30% growth over the last month with a market cap of $152 billion, surpassing notable companies like Santander, Adobe, and Spotify.
Additionally, the Binance DEX token ASTER increased by 13%, hitting $1.90, 22.5% away from its highest point to date.
"#BNB just set a new ATH at $1100.
— Binance (@binance) October 3, 2025
Total Market Capitalization Approaches Prior Peaks
In other developments, CEO Richard Teng recently announced the Binance Mastercard’s launch in Brazil. Former CEO Changpeng Zhao met with Kazakhstan President Kassym-Jomart Tokayev to address the nation’s crypto initiatives and BNB reserves. The impressive rise of BNB has contributed to a total market cap of $4.23 trillion, nearing its previous all-time peak in mid-August. This time, altcoins are leading as BTC hovers 3.2% below its record high of $121,000.
Analyst Ted Pillows remarked that the total altcoin market cap excluding stablecoins hasn’t yet set a new all-time high:
“I’m certain that altseason will happen, but not until the altcoin market cap hits a new ATH,” he stated.
Meanwhile, the altcoin market cap, not counting BTC and ETH, reached $1.16 trillion on Thursday, approaching its peak of September 18.
Today’s Other Notable Performers
Ether hit a two-week high of $4,550 before retreating back to $4,480. Solana rose by 2.7% to $235, while Bitcoin Cash also saw similar gains. However, the major highlights were the Binance-linked tokens.
The Blockchain Center’s altseason index is sitting at 71, just shy of the 75 marking an official altcoin season, while CoinMarketCap’s index is at 67 and Bitget’s is even lower at 62.
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