Solana's BONK, PPBLZ, Popcat Join Memecoin Frenzy Led By Doge, Shiba Inu As Bitcoin Nears All-Time High

While Bitcoin BTC/USD hit a new all-time high against the euro on Monday, the memecoin market experienced a significant rally, exceeding a $52 billion market capitalization within 24 hours.

What Happened: Leading memecoins like Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and PepeCoin PEPE/USD saw impressive gains, with Dogecoin and Shiba Inu exceeding 18%. 

PepeCoin surged over 32%, briefly surpassing a $3 billion market cap. Solana's BONK BONK/USD also contributed with a 28% increase.

According to CoinGecko, the memecoin market cap reached $53.1 billion, reflecting a 17% daily rise. 

Also Read: Bitcoin Options On Horizon? Grayscale Pushes For Regulatory Approval

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Kabosu Inu KABOSU/USD, Pepemon Pepeballs PPBLZ/USD, and Popcat POPCAT/USD were among the top gainers, jumping over 150% each.

Bitcoin Breaks New Euro Barrier

Bitcoin surpassed €60,000 for the first time on Monday, marking a historic moment against the euro. This 5% surge from its intraday low pushed Bitcoin to its current value of €59,981, representing a 56% year-to-date increase.

Previously, Bitcoin had broken the €53,000 mark in late February and achieved new highs against various fiat currencies, including the Chinese yuan (CNY), recognized as the world's largest fiat currency by market capitalization.

Read Next: Dogecoin Climbs 10%: What If You Had Invested $100 At Its All-Time Low Prices?