Bitcoin, Ethereum, Dogecoin Surge On CZ’s ‘Recovery Fund’ Optimism: False Rally Or True Comeback?

Major coins surged on Monday, with the overall cryptocurrency market capitalization rising nearly 4.5% to $843.35 billion. Cryptocurrency  Performance Price (Monday, 9:45 pm EST) Bitcoin +4.25% $16,757 Ethereum +6.17% $1,259 Dogecoin +6.80% $0.086 What Happened: Bitcoin (CRYPTO: BTC) jumped 4.25% and Ethereum (CRYPTO: ETH) spiked 6.17%, after Binance CEO Changpeng “CZ” Zhao’s  “Industry Recovery Funds” initiative, which he said would help cryptocurrency businesses overcome liquidity issues.