Market Update: Bitcoin's recent surge is being driven by institutional investors returning to the market. This influx of capital has pushed the price above $50,000, with some analysts predicting a potential breakout to $60,000. Meanwhile, altcoins are struggling to follow suit, with Ethereum and Ripple trading sideways.

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Institutional investors are a significant driving force behind market trends. As they continue to pour in, it will be interesting to see if altcoins can follow suit and regain their momentum.