From Nasdaq:

Cryptocurrencies experienced a surge on Monday evening, rebounding quickly post a spot ETF launch. Bitcoin is up by 3.40% at $50,057, Ethereum is up 6.05% at $2,664, and Dogecoin is up 1.88% at $0.082.
Bitcoin’s surge saw it breach the $50,000 mark, with $55 million in BTC shorts and $28 million in ETH shorts being liquidated, resulting in a total liquidation of $198.41 million.
The global cryptocurrency market cap decreased by 0.80% in the past 24 hours, standing at $1.80 trillion. The Dow Jones Industrial Average reached a record high, while the S&P 500 experienced a slight decline and the Nasdaq Composite dipped 0.3% to settle at 15,942.55.
Traders are carefully monitoring the consumer price index (CPI) and upcoming economic data later in the week. Cryptocurrency stocks, like Coinbase and MicroStrategy, surged after Monday’s market performance.
Cryptocurrency analyst Michael Van de Poppe notes that Bitcoin is exhibiting strength at the resistance level of $48,000-50,000, with a likely chance of reaching $53,000-57,000. Pseudonymous cryptocurrency analyst Daan Crypto Trades has also provided insights on the Bitcoin liquidation heatmap.
Gert van Lagen noted that Bitcoin has broken above the neckline of a 2-year+ Head and Shoulders Bottom pattern, with the target price indicated at $150,000.



Read more: As Bitcoin Surges Over $50K, Ethereum, Dogecoin Join The Rally — Analyst Predicts New Price Target Of $130K For King Crypto