Bitcoin surged nearly 22% over the past week, trading near $78,000 on Monday, as the US Treasurys bond-buying plan boosted market sentiment. Bitcoin was last at $76,896. Ethereum gained 1.37% over 24 hours, while Bitcoin rose 0.90%. Among major altcoins, BNB, Solana, Tron and Cardano advanced up to 0.90%, while XRP, Hyperliquid and Dogecoin climbed up to 1.96%.

BTC has gained 24% since Monday and reached the level implied by its inverse head-and-shoulders break, with shorts still taking a contrarian position.

Bitcoin has stormed back from a months-long downtrend, tearing through $79,500 on Friday as a wave of short covering collided with a US Treasury liquidity push and a fresh White…