Cryptocurrencies started the week strong, breaking out of a recent correction period, with Bitcoin trading near its 2021 highs again.

- Bitcoin {{BTC}} topped $69,000 on Monday during early US trading for the first time in ten days and is up 5% in the past 24 hours.

- Ether {{ETH}} is also up 4% over the same period, while major network tier-1 tokens Solana {{SOL}} and Avalanche {{AVAX}} are up nearly 10%.

- The rally extended to almost all digital assets, with all components of the CoinDesk 20 broad market index (CD20) in the green zone, and the indicator rose 4.5% on the day.

- The sudden resurgence liquidated $195 million of credit derivative positions across all crypto assets, of which $129 million were short positions seeking to profit from lower prices, CoinGlass data shows. Bitcoin short liquidations reached $53 million, less than the daily average for the recent period.