Major cryptocurrencies experienced a significant surge on Sunday evening, propelled by Bitcoin’s impressive performance throughout the week. With prices soaring by approximately 10%, Bitcoin reached the psychologically significant milestone of $30,000. 

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD+1.51%$30,334Ethereum ETH/USD+3.10%$1,678Dogecoin DOGE/USD+1.11%$0.062

What Happened: This week, we witnessed a positive development in the cryptocurrency market as Bitcoin’s strength had a ripple effect on several altcoins, causing them to surge above their respective overhead resistance levels.

According to data from CoinGlass, over $65 million worth of shorts were…

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