Whereas Bitcoin BTC/USD hit a brand new all-time excessive in opposition to the euro on Monday, the memecoin market skilled a major rally, exceeding a $52 billion market capitalization inside 24 hours.
What Occurred: Main memecoins like Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and PepeCoin PEPE/USD noticed spectacular beneficial properties, with Dogecoin and Shiba Inu exceeding 18%.
PepeCoin surged over 32%, briefly surpassing a $3 billion market cap. Solana’s BONK BONK/USD additionally contributed with a 28% enhance.
In line with CoinGecko, the memecoin market cap reached $53.1 billion, reflecting a 17% each day rise.
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Kabosu Inu KABOSU/USD, Pepemon Pepeballs PPBLZ/USD, and Popcat POPCAT/USD had been among the many high gainers, leaping over 150% every.
Bitcoin Breaks New Euro Barrier
Bitcoin surpassed €60,000 for the primary time on Monday, marking a historic second in opposition to the euro. This 5% surge from its intraday low pushed Bitcoin to its present worth of €59,981, representing a 56% year-to-date enhance.
Beforehand, Bitcoin had damaged the €53,000 mark in late February and achieved new highs in opposition to varied fiat currencies, including the Chinese yuan (CNY), acknowledged because the world’s largest fiat forex by market capitalization.
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