Bitcoin's recent surge to $48,000 has sent shockwaves through the market. Analysts are pointing to increased institutional investment and the upcoming US presidential election as key factors driving the price up. Meanwhile, altcoins are struggling to keep pace, with Ethereum and Litecoin both down 5% in the last 24 hours. Will the bull run continue or is this a temporary blip?

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Institutional investment and election uncertainty are likely driving the surge. However, as we've seen before, altcoins often underperform during bitcoin's bull runs, so it's not surprising to see them lagging behind.