Bitcoin briefly broke through the $74,000 resistance zone that it had rejected four times in two weeks, before reversing under that level.
The largest cryptocurrency was trading just above $74,000 on Monday morning, up 2.9% over the past 24 hours and 9.7% on the week.
Ether surged 7.7% in 24 hours and 14.3% on the week to $2,261, its strongest weekly performance in months.
Solana jumped 5.6% on the day and 12% on the week to $93.
Dogecoin hit $0.10 for the first time since early March, up 4.6% daily and 10.6% weekly.
BNB gained 3.8% to $683 with a 9.5% weekly gain.
XRP rose 4.2% to $1.47, up 8.9% over seven days.
The move had a short squeeze behind it.
CoinGlass data shows $344 million in total liquidations over the past 24 hours across 91,978 traders, with short liquidations accounting for $284.9 million, roughly 83% of the total.
Ether shorts got hit hardest at $127.9 million, followed by bitcoin at $124.5 million and solana at $18.5 million.
The largest single liquidation was a $6.94 million BTC position on Bitfinex.
What to know: XRP broke above a long-standing resistance around $1.426 after months of sideways trading, shifting short-term momentum in favor of buyers.
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