Bitcoin’s (CRYPTO: BTC) value soared past $54,000 on Monday, marking its highest point since November 2021 and breaking free from its recent trading stagnation. This surge propels the cryptocurrency market into a renewed rally, with significant movements observed across the board. What Happened: At the time of writing on Monday, Bitcoin’s price stood at $54,329, reflecting a 4.6% increase over the last 24 hours. Ether (CRYPTO: ETH), trailing closely behind Bitcoin in market size, also experienced a surge, climbing nearly 2% to hit a 22-month high of $3,170. Coinglass data showed short liquidat…