Major cryptocurrencies surged on Monday evening, rebounding swiftly after a temporary setback subsequent to thelaunch of spot ETFs on January 11. The crypto bull market, which commenced in January 2023, has now advanced into the FOMO stage. What Happened: The price of Bitcoin has surged above $50,000 for the first time in over two years. Data from CoinGlass indicates that BTC shorts worth $55 million were liquidated in the last 24 hours, while ETH shorts worth $28 million met the same fate. During this period, a total of 59,725 traders were liquidated, resulting in liquidation of $198.41 milli…

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