While Bitcoin (CRYPTO: BTC) 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 (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and PepeCoin (CRYPTO: PEPE) saw impressive gains, with Dogecoin and Shiba Inu exceeding 18%. 

PepeCoin surged over 32%, briefly surpassing a $3 billion market cap. Solana's BONK (CRYPTO: BONK) 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

Kabosu Inu (CRYPTO: KABOSU), Pepemon Pepeballs (CRYPTO: PPBLZ), and Popcat (CRYPTO: POPCAT) 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.

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